Saturday, August 29, 2015

$135 million sale of 525 West Van Buren in Chicago’s West Loop closed by HFF


525 West Van Buren, West Loop, Chicago, IL

 
Jaime Fink
CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 525 West Van Buren, a 522,809-square-foot, 16-story, Class A office tower located in Chicago’s West Loop.

HFF represented the seller, Northwood Investors, in the transaction.  AEW Capital Management, Inc. acquired the office tower for $135 million on behalf of one of its separate account clients.

525 West Van Buren is situated at the southwest corner of Van Buren and Canal Streets in the West Loop within Chicago’s central business district.  This location is adjacent to the Chicago Transit Authority’s elevated train system (“L”) and close to Union Station, Ogilvy Transportation Center and Interstate 290 providing tenants and commuters access to the entire metropolitan area.

 Completed in 2002, 525 West Van Buren features an on-site café, 40 indoor executive parking spaces, a mezzanine floor with a Wi-Fi lounge, conference center, fitness center with lockers and showers, and a bike room with storage for 56 bikes.

The HFF investment sales team representing the seller was led by senior managing directors Jaime Fink and Jeffrey Bramson and managing director Mark Katz.

“The property has true class A tenancy and also offers a great opportunity to lease up the vacant space as Chicago’s central business district office market continues to improve,” said Fink.

  For a complete copy of the company’s news release, please contact:
                   
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com



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