CHICAGO, IL – HFF announced it has closed the sale of 200 West Monroe (top left photo), 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.
200 West Monroe 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.
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The HFF investment sales team representing the seller was led by senior managing directors Jeff Bramson (middle right photo) and Jaime Fink (lower left photo) and director Mark Katz.
Lubert-Adler is a real estate investment company co-founded by Ira Lubert and Dean Adler in March 1997. Messrs. Lubert and Adler collectively have more than 50 years of experience in underwriting, acquiring, repositioning, refinancing and exiting real estate assets.
For more information, visit www.lubertadler.com.
For more information, visit www.lubertadler.com.
Based in Detroit, The Farbman Group is one of the largest and most respected full-service commercial real estate organizations in the country.
With more than three decades of experience, the firm offers a wide range of customized real estate services including brokerage, property management, development, construction and tenant services.
For more information, visit www.farbman.com
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Contacts:
JEFFREY M. BRAMSON
HFF Senior Managing Director
(312) 528-3650
JAIME F. FINK
HFF Senior Managing Director
(312) 528-3650
OLIVIA N. HENNESSEY
HFF Associate, Marketing
(713) 852-3500
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