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If a deal is consummated, it would likely be the largest leveraged buyout in history as Walgreens Boots has a market value of approximately $56 billion and has nearly $17 billion of debt.
In another significant transaction in the region, Essex Realty Group reports it has brokered the recent $6.025-million sale of the former Maybelline headquarters at 5935 N. Clark St. in Edgewater, IL.
The 832-foot tall tower building will be the largest building on Michigan Avenue. The $470-million project is being financed by Goldman Sachs. Construction is expected to begin in December.
Under the terms of the agreement, Realogy will receive $375 million in cash at closing, subject to certain adjustments, and a $25-million deferred payment.
CBRE managed planning, site selection, procurement, preparation, landlord approvals, permitting, installation, activation and closeout at 215 workplace and multifamily buildings across 11 states.
ASPIRE aims to celebrate the Asian and Pacific Islander culture by building a global community that is committed to the advancement and development of its members while serving as champions of diversity and inclusion, C&W states.
The portfolio includes 38 buildings in the Chicago's submarkets of O'Hare, Lake County and Elgin. With its latest purchase, Westmount now has a portfolio of more than 6.3 million square feet of industrial space in Chicagoland.
The property, which will feature more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets, will occupy a full city block, bounded by North Green, West Fulton Market, Wayman, and Halsted streets in the Chicago West Loop neighborhood.