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Ivanhoé Cambridge, Callahan Complete 180 N Lasalle Acquisition

Chicago Office

The first major office acquisition of 2016 belongs to Ivanhoé Cambridge and Callahan Capital, which purchased 180 N LaSalle today for $180M.

The Ivanhoé Cambridge-Callahan partnership was under contract to buy the 38-story building last July, part of a four-building, $320M deal it signed with Beacon CapitalBeacon paid $126M for the building in January 2014.

Ivanhoé Cambridge EVP Arthur Lloyd says Chicago is a key city to growing the JV's US platform. Locally, Ivanhoé Cambridge and Callahan have stakes in 10 S Riverside Plaza, 120 S Riverside Plaza and 515 N State.