Commerz Real buying historic Loop office building for $202M

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Commerz Real has agreed to buy a two-year-old office building in Chicago’s Fulton Market from local developer Sterling Bay.The price for the 290,000-square-foot Fulton West Building is unclear, but pros said heated bidding may have pushed the price to about $175 million, or $603/sf. The initial annual yield at that level would be about 5.5%.

A class A, SF office building in Atlanta, Georgia. Winner of The Outstanding Building of the year (toby) awards. stay up to date with our news section to discover breaking news and insights into the most important news relating to the commercial real estate industry. A class A, 348,152 SF office building in Atlanta, Georgia.

United Properties plans .9m north loop office building (update) By. A spokeswoman for Bloomington-based United Properties confirmed that United has an option to buy the Shapco site, but did.

Commerz Real Pays $194M for Chicago Office Building The investment management affiliate of a Germany-based financial institution has acquired The National, an historic 520,000-square-foot asset.

Commerz Real buying historic Loop office building for $202M. The German firm has a deal to buy the former longtime home of CPS from Blue Star Properties

The disclosure that German investor Commerz Real AG was in exclusive negotiations with Sterling Bay to buy its Fulton West development at 1330 West Fulton St. for about $175M, first reported last.

Office Building NRJA conceives multi-use office building in riga, latvia. The new office building for developers Commerz Real is part of a wider project to rearrange the shape of the city streets to .. tomohiro hata blurs boundaries between interiors and courtyard of the loop terrace house.

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LG Development is proposing a two-building, 479-unit apartment complex and an 11-story office building on a pair of properties along the 1100 block of Lake Street, according to a source familiar with the plans. The real estate firm is set to pitch its vision for the sites to a West Loop neighborhood group on July 30.