SVN Chicago Commercial represented a client in the acquisition of an 8,700-square-foot office suite at 211 W Wacker Drive, Suite 1700, in Chicago.
The office suite sold for $1.35 million in an all-cash transaction.
SVN Advisors Tim Rasmussen, CCIM, and Jim Mead, CCIM, represented the Buyer, a futures trading firm seeking to expand its downtown Chicago presence. The Buyer capitalized on current market conditions, securing a fully improved office space at a significant discount to historical pricing.
The nature of the transaction allowed the Buyer to move quickly and efficiently, avoiding competitive bidding scenarios and achieving favorable terms.
