National Commercial Real Estate News From CoStar Group
NY Investor Pays $97M for BoA Bldg. in Chicago
The Bank of America Building, a nearly 1 million-square-foot office building at 231 S. LaSalle in Chicago’s financial district, sold for $97 million.
Berkeley Properties, a New York-based commercial real estate investor, purchased the Class A asset from a joint venture between Gramercy Capital Corp. and Garrison Investment Group.
Built in 1924 as the Illinois Merchants Bank, the 23-story tower is 96.6 percent leased by a tenant roster that...