A joint venture between 601W Cos. and David Werner Real Estate Investments secured a $62.5M loan from Northwind Group to buy 303 E. Wacker late last month in the larger of the two deals. The acquisition represents a plunge of about 66% in value for the office property, which last sold for $182M to Beacon Capital Partners in 2018. The property on the Chicago River is about 75% occupied, and tenants have signed roughly 300K SF of new leases at the building since the pandemic...
RSK: Sales up for Chicago Office Bldgs but at steep discounts.
Share this article on you social outlets
Our Sponsors
- - Volume: 25 - WEEK: 3 Date: 1/14/2025 4:25:50 PM -