Transwestern will reportedly acquire Chicago-based MBRE in a movement to grow its leasing and management portfolio of Downtown Chicago office towers.
According to Crain’s Chicago Business, Transwestern is expected to take over leasing at MBRE-managed properties like Michigan Plaza, 550 W. Washington Blvd. and 181 W. Madison St., based on an email from MBRE reviewed by Crain’s.
Transwestern Chicago already handles leasing for 77 W. Wacker Drive, 191 N. Wacker Drive, The National at 125 S. Clark St. and NBC Tower.
Both Transwestern and MBRE declined to comment on the sale to Crain’s, and the terms of the deal were not immediately available.