X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
chi-303wacker (2) 303 East Wacker has not gotten a true renovation since 1999.

CHICAGO—An affiliate of Beacon Capital Partners has bought 303 East Wacker, a 944,000-square-foot riverfront office tower in the East Loop submarket, from Franklin Street Partners for $182 million. It’s another sign that investors now see the East Loop, once an afterthought in Chicago’s office market, as a vibrant and attractive neighborhood sought out by creative tenants. And that gives Beacon an excellent opportunity.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.