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549 W. Randolph St., Chicago. Credit: CoStar Group 549 W. Randolph St., Chicago. Credit: CoStar Group

CHICAGO—The nearly 124,000-square-foot office building at 549 W. Randolph St. has been acquired by a joint venture that includes MB Real Estate executives Kevin Purcell and Peter Westmeyer, Hilco Redevelopment Partners and Origin Investments.

The new ownership did not disclose the purchase price for the property. Crain’s Chicago Business stated earlier this year when the deal was in negotiations that the MB Real Estate-led joint venture was acquiring the 123,835-square-foot loft office building for $36 million. MB Real Estate will provide leasing and asset management services at the seven-story building.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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