Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestOffice

Beacon Investment Properties purchases 200 West Monroe in Chicago for $100 million

Staff Writer April 5, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Beacon Investment Properties has acquired 200 West Monroe, a 23-story Class-A office tower in Chicago’s West Loop neighborhood, in a joint venture with Harel Insurance, Investmentsand Financial Services Ltd. of Tel Aviv.

Beacon and Harel acquired the property from Monroe Acquisition, LLC for $100 million.

The companies purchased the 535,911-square-foot high-rise as a value-add investment opportunity. The average in-place rental rate of the 91-percent-leased high-rise is below market. Planned property enhancements, strong demand for flexible space in the West Loop and Class-A supply constraints should continue to spur occupancy and rent growth, according to Beacon officials.

Jeff Bramson and Jaime Fink, senior managing directors with Beacon, and Mark Katz, managing director in the Chicago office of HFF, brokered the transaction.

Tags
West Loop
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

Waterton and Almanac Realty Investors announce strategic minority investment

May 20, 2022
TexasMultifamily

Marcus & Millichap arranges sale of 127-unit apartment building in Dallas

May 20, 2022
WisconsinIndustrial

PARADIGM Real Estate closes sale of 13,811-square-foot industrial property in Milwaukee

May 20, 2022
MissouriCRE

St. Louis’ Kwame Building Group adds human resources manager

May 20, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com