Allegra European Holdings, a Spanish real estate investment firm owned by Mario Losantos, has closed the $72 million acquisition of 20 South Clark Street, a Class A office building in Chicago.
Located in the heart of Chicago’s financial district, adjacent to the iconic Chase Tower, 20 South Clark Street rises 30 stories tall and has 400,000 rentable square feet. It is currently 92 percent occupied and has tenants from the technology, legal, and service sectors.
Allegra was represented in the transaction by EXAN Capital, a real estate fund manager. Exan will act as the asset manager and M & J Wilkow Properties, LLC will continue to serve as the property manager.
