Transactions - JULY 11, 2014

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Recent commercial real estate transactions

by Andrea Waitrovich

Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest transaction was an office in Chicago.

KBS REIT II sold the 1.3 million-square-foot office tower at 300 North LaSalle in Chicago for $850 million, or $652 per square foot. The new owner was Irvine Co. HFF represented the seller.

The property is 100 percent occupied. Tenants include Kirkland & Ellis, Quaries & Brady, GTCR, Chicago Cut Steakhouse, Boston Consulting Group. KBS REIT II acquired the 60-story asset in July 2010 for $651.6 million. It was developed in 2009 by Hines.


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