Monday, December 10, 2012

NY Investor Pays $97M for BoA Bldg. in Chicago




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...






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