|HFF's Jaime Fink and Jeff Bramson repped
the seller, 600 W Chicago LLC. Jaime tells us that Maryland-based
Commonwealth was looking for a stable investment to make improvements
and drive rents and says other investors are looking at Chicago for
similar reasons. The building joins UBS Tower, 70 W Madison, and 55 W
Monroe as the latest in a string of sales to out-of-town or foreign investors. HFF had arranged financing for the 1.6M SF
building in 2005 and Commonwealth took over the financing that was
already in place. The building at 98% leased is also home to Level 3, Wrigley, Japonais, The Big Ten Network, and Dave Barton Gym.