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| 525 West Van Buren, West Loop, Chicago, IL |
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| 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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