250 S. Wacker Drive in Chicago, IL sold for $91 million before the close of the year as Credit Suisse Asset Management, a unit of Credit Suisse Group, takes ownership from Boston-based AEW Capital Management. AEW originally purchased the property in 2007 for $57 million after it underwent a $40 million renovation.
CBRE began shopping the property in November of this year noting that the property is more than 93% leased to mostly long-term tenants, including MillerCoors with a lease of 167,256 square feet of office space covering 8 full floors of the building through 2024. Michael Vesper and Thomas McClayton of CBRE represented the seller, while Benjamin and Debra Lacy of Lacy Ltd. represented the buyer according to a CoStar report.
For more news and information visit Blumberg Capital Partners.
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