Jan
24
LaSalle Buys West Loop Tower
ByLocated at 123 N. Wacker Drive, the Class A office building reportedly fetched $147 million.
123 N. Wacker Drive, recently acquired by LaSalle Investment Management
LaSalle Investment Management has acquired 123 North Wacker Drive, a 30-story Class A office tower located in Chicago’s West Loop, on behalf of the company’s closed-end, U.S. value-add fund, LaSalle Income & Growth Fund VII, from LNR Partners. The price was reported as $147 million, according to published reports.
JLL Capital Markets provided brokerage services on behalf of the seller, a special servicer that in May took control of the tower, which had been in foreclosure…
