Cushman & Wakefield advises on $115 million sale of Chicago office tower to Prime Finance, Hines
CWK•Cushman & Wakefield advised Spear Street Capital on the $115 million sale of 225 W. Wacker Drive to Prime Finance and Hines. The 31-story tower spans about 651,000 square feet.
1. Chicago tower sale
Cushman & Wakefield advised Spear Street Capital on the sale of 225 W. Wacker Drive in downtown Chicago to Prime Finance and Hines for $115 million. The 31-story office tower spans approximately 651,000 square feet.
2. Planned improvements
Cushman & Wakefield helped Prime Finance source acquisition financing and expects to retain property management and leasing responsibilities while remaining an anchor tenant. The buyers plan additional improvements, including a redesigned lobby-level restaurant and bar.
