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
  • Advertise
  • Real Estate Awards
  • Login/Register

Slate Office REIT acquires 120 South LaSalle in Chicago

August 3, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Toronto-based Slate Office REIT has acquired 120 South LaSalle and the adjacent parking garage in downtown Chicago for $155.5 million ($237 per square foot). The seller is a joint venture between Lincoln Property Co. and the Illinois Teachers’ Retirement System. They purchased the building in 2006 for $121 million.

“We are very excited to announce our second U.S. acquisition of 2018,” said Scott Antoniak, the REIT’s chief executive officer. “120 South LaSalle is a landmark downtown Chicago address and is the U.S. headquarters of CIBC, a leading Canadian-based global financial institution and a key strategic financial partner of Slate Office REIT.”

Located in downtown Chicago’s financial district, 120 South LaSalle is a 656,080-square-foot, 23-story office building. It is currently 84 percent occupied, anchored by the U.S. corporate headquarters of CIBC, which takes up 45 percent of the gross leasable area. The transaction remains subject to customary closing conditions and is expected to be completed in the third quarter of 2018.

Tags
ChicagoIllinoisLincoln Property Coloopslate office reit
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisMultifamily

Kiser Group lists 61-unit portfolio in Chicago’s South Shore for $4.65 million

March 1, 2021
TexasIndustrial

CBRE brokers expanded footprint for Dallas-area cabinet maker

March 1, 2021
MissouriCRE

Holland Construction hires senior pre-construction manager in St. Louis area

March 1, 2021
MissouriCRE

Kansas City’s Kadean Construction adds senior project manager

March 1, 2021

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
  • Advertise
  • Office Locations
© 2021 REjournals.com