CHICAGO-South Korean investors have signed a contract to purchase a 57-story Loop tower. Institutional investors headed by the Korean Teachers' Credit Union and a group of pension funds based in South Korea have agreed to purchase Three First National Plaza, an office building spanning over 1.4 million square feet at 70 W. Madison St., for $369 million.
A joint venture headed by Hines Real Estate Investment Trust Inc. acquired the property in 2005 for $245.3 million. For the full story, go to Crain's Chicago Business .
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