At a glance
- According to Connect CRE, the buyers plan to invest in an upgraded outdoor terrace, a 24th-floor conference center, a remodeled restaurant and bar, and a refreshed lobby.
- The nearest disclosed pricing on the same street is 225 W. Wacker, where Prime Finance and Hines paid $115 million for 651,000 square feet, about $177 a square foot.
- Ameritus continues as property manager and Cushman keeps the leasing assignment, with Mason Taylor and Paige Krueger leading it.
Two Chicago investors, Ken Buckman and Robert Castillo, bought 121 W. Wacker, a 41-story Chicago office tower with 441,030 square feet, from Ameritus, Cushman & Wakefield said. Terms were not disclosed.
According to Connect CRE, the buyers plan to invest in an upgraded outdoor terrace, a 24th-floor conference center, a remodeled restaurant and bar, and a refreshed lobby. Ware Malcomb will oversee the interior and exterior architecture.
The nearest disclosed pricing on the same street is 225 W. Wacker, where Prime Finance and Hines paid $115 million for 651,000 square feet, about $177 a square foot. Cushman advised the seller in that deal as well, as Private Wealth Daily previously reported.
Ameritus continues as property manager and Cushman keeps the leasing assignment, with Mason Taylor and Paige Krueger leading it. The tower, completed in 1930 and designed by Holabird & Root, was originally known as the LaSalle-Wacker Building.
Reported by the Deals desk from Connect CRE. Published . Corrections