HFF has closed the sale of 200 W. Monroe, a 535,900-square-foot office building in Chicago.
HFF marketed the property on behalf of a national private investment firm. A joint venture comprised of Lubert Adler and The Farbman Group purchased the property for $75 million.
The property is located at the northwest corner of the intersection of West Monroe and South Wells in the West Loop district of Chicago. Renovated in 2006, the 23-story property is currently 80 percent occupied. The property also includes 113,354 square feet of separately owned space that is occupied by an affiliate of the Jewish Federation of Metropolitan Chicago.
The HFF investment sales team representing the seller was led by Senior Managing Directors Jeff Bramson and Jaime Fink and Director Mark Katz.
