Holliday Fenoglio Fowler, L.P. (HFF) has closed the $135 million sale of 525 West Van Buren, a 522,809-square-foot, 16-story, Class A office tower located in Chicago’s West Loop.
HFF represented the seller, Northwood Investors, in the transaction. AEW Capital Management, Inc. acquired the office tower for $135 million on behalf of one of its separate account clients.
525 West Van Buren is situated at the southwest corner of Van Buren and Canal Streets in the West Loop within Chicago’s central business district. Completed in 2002, 525 West Van Buren features an on-site café, 40 indoor executive parking spaces, a mezzanine floor with a Wi-Fi lounge, conference center, fitness center with lockers and showers, and a bike room with storage for 56 bikes.
The HFF investment sales team representing the seller was led by senior managing directors Jaime Fink and Jeffrey Bramson and managing director Mark Katz.
