West Loop loft office buildings sell for $65 million

Photo from CoStar Group

By: Danny Ecker | 8/27/19 | Crain's Chicago Business

One of Chicago's biggest real estate investment firms is betting that the popularity of loft office buildings downtown isn't going away any time soon. A venture of Chicago-based Heitman paid about $65 million last week for a trio of vintage office properties in the West Loop, according to the sellers and sources familiar with the transaction. The Heitman affiliate bought the buildings at 901 W. Jackson Blvd., 641 W. Lake St. and 130 S. Jefferson St. from a joint venture of Chicago real estate firms R2 and Walton Street Capital. R2 and Walton Street picked up the properties as part of an $86 million deal in 2016 that included three other Chicago loft office buildings and three downtown development sites nearby. Read More....