Publications

Beacon Capital to pay $230m for LaSalle office tower
Transactions - OCTOBER 17, 2019

Beacon Capital to pay $230m for LaSalle office tower

by Kali Persall

Beacon Capital Partners is looking to pay $230 million for a 40-story office tower in Chicago, Chicago Business reported on Oct. 16.

Tishman Speyer paid $211 million for the 800,000-square-foot building, located at 190 S. LaSalle St., in 2013.

The purchase would represent Beacon’s sixth office building acquisition in five years in the region, as well as the second-largest downtown office sale of the year.

Located in the heart of LaSalle Street near the Chicago Board of Trade, the property is walking distance to a number of restaurants, theaters, hotels and public transportation, according to Tishman Speyer’s website. It is LEED-EB certified and features various amenities such as a library, conference facility, a fitness center, restaurants, and easy access to suburban trains and CTA bus and train lines.

Beacon also owns another office asset on LaSalle Street (231 LaSalle St.), which has 1 million lettable square feet, according to the firm’s website.

Forgot your username or password?