Evening Republican, Volume 20, Number 79, Rensselaer, Jasper County, 1 April 1916 — John G. Shedd Acquires Valuable Chicago Property. [ARTICLE]

John G. Shedd Acquires Valuable Chicago Property.

John G. Shedd, president of the Marshall Field Co., of Chicago, and brother of S. S. Shedd, of this city, has concluded a deal for the purchase of the Frederick Ayer and Counselman & Gaff buildings on LaSalle street iq, Chicago, paying $1,200,Q00 for the properties. This purchase gives Mr. Shedd control of the entire east frontage on LaSalle street between Jackson boulevard and Quincy street, 165 by 60 feet in extent, he having purchased the LaSalle Street Trust Building in February for $405,000. His total investment at that point amounts to $1,605,000. The structures are considered of no value and it is understood will be tom down to make way for a high building suitable for the financial district in which located. Some of the leases on the old buildings do not expire, however, until 1918 and the building will probably be postponed until then.