Ivanhoé Cambridge and Callahan Capital Properties acquire office tower in Chicago for $145 million
Ivanhoé Cambridge and its partner Callahan Capital Properties announced that they have closed on the acquisition of 125 South Wacker Drive in downtown Chicago, for approximately US$145 million.
Arthur Lloyd, President, Office, North America, Ivanhoé Cambridge said, “125 South Wacker Drive is an excellent complement to our Chicago office portfolio, composed of premier properties located in the West Loop, Central Loop and River North.”
Tim Callahan, Chief Executive Officer of Callahan Capital Properties, noted: “We are very excited with the opportunity to leverage 125 South Wacker Drive’s premier location and physical attributes, which, along with our planned upgrades to the lobby, elevators and other amenities, will further make this property a truly modernized office environment for current and future tenants.”
Source: Ivanhoé Cambridge