CHICAGO-The Congress Center, a 16-story building comprising a 524,800-square-foot Class A office space at 525 W. Van Buren Street, has been acquired by a joint venture for a price of $95 million or $181 per square foot. The joint venture consists of Northwood Investors LLC, a real estate investment adviser based in New York, and Sovereign Capital Management Group Inc.'s American Recovery Property Trust.
The occupancy rate of the West Loop office tower is 74%. For the full story, go to Crain's Chicago Business .
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