CHICAGO-Tishman Speyer Properties LP has sold the Civic Opera Building, a 915,000-square-foot property at 20 N. Wacker Drive, to a subsidiary of Nanuet, New York-based Berkley Properties LLC for $125.8 million. Berkley Properties paid more than $137 per square foot for the 44-story West Loop tower.
The New York venture financed the deal with a $95-million loan from UBS Real Estate Securities Inc. of New York. The building is nearly 81% leased. Holliday Fenoglio Fowler LP brokered the deal. For the full story, go to Crain's Chicago Business .
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