July 14, 2017
Chicago-based Golub & Company, in partnership with Boston-based Alcion Ventures, acquired 300 South Wacker, a 36-floor, Class A office building in Chicago from Beacon Partners. Terms of the deal were not disclosed, though when the agreement was struck in May, the sales price was reportedly in the $155 million range.
“This area of South Wacker is poised for continuing high demand with the Union Station and Old Main Post Office redevelopments driving the neighborhood’s transformation,” said Golub & Company’s Michael Newman. “Our renovation of 300 South Wacker will spotlight its attractive location and deliver the amenities and design today’s workforce is seeking.”
The 536,000-square-foot property, originally built in 1971, boasts unobstructed 360-degree views of downtown Chicago and is located directly on the Chicago River.
JLL represented the seller, with JLL’s Keith Largay also arranging financing on behalf of the buyer through Deutsche Bank.
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