News

The 10-year deal at the 17-story, 332,000-square-foot building in Chicago's West Loop was announced by Colliers International. Onni Group acquired the Union Tower building earlier this year for approximately $80 million, according to multiple published reports.

The joint-venture partners purchased four housing communities across four different university markets.

Major café Blue Bottle Coffee will occupy 953 square feet of retail space at the base of the tower beginning in the fourth quarter of 2019 under a 15-year lease.

While the new owner plans its design of the development, they're able to rent out space in "as is" condition.

The New York-based real estate investment management firm is allocating 20 to 30 percent of its buildings for hospitality and amenities.

The portfolio consists of 17 fully stabilized properties spanning nine US markets: Dallas/Fort Worth, eastern Pennsylvania, Nashville, Cincinnati, Jacksonville, Columbus, Chicago, Las Vegas and Austin.

Newmark Knight Frank facilitated the sale of the 255,968-square-foot, McPherson Building.

The San-Francisco-based firm purchased a 244-unit, class-A apartment community in Dumfries, VA.