AUGUST 23, 2013

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Recent commercial real estate acquisitions

by Andrea Waitrovich

Below is a sampling of recent property transactions tracked by Real Capital Analytics (RCA). The largest completed transactions included an office property in Chicago and an apartment property in Arizona.

Joint venture partners Harbor Group International and Electra Real Estate have sold 300 S, Wacker, a 512.4 million-square-foot 35-story West Loop office tower, for $112.5 million to Beacon Capital Partners. The companies purchased the Chicago property for $91.5 million in 2006.

In Phoenix, Inland American Communities Group paid $103 million to Core Campus Tempe I and DRW Trading for the University House at Arizona State University. The 19-story student housing property is a 1.62-acre site with a three-level, 200-space parking garage and zoning approval on additional land planned for more units in a structure that can be up to 183 feet.


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