Multifamily Monday; 300 S. Riverside Sold

The changing of the calendar also mirrors the changing of ownership at 300 S. Riverside. Jones Lang's Bruce Miller, Jim Postweiler, and Jascint Vukelich closed the deal on behalf of Brookfield Real Estate Opportunity Fund. JLL's Dave Hendrickson and Dustin Stolly arranged the financing.
 
The 1.1M SF, 23-story tower along the river in the West Loop traded for $194M. JLL arranged $120M in financing through UBS on behalf of the building's new owners, an investment group led by Joseph Mizrachi and David Werner. The building is 97% leased.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC