The 132-unit building will also have 16,000-square feet of street level retail.

Salesforce Tower Chicago is one of six Tower investments the company has announced in key markets including its headquarters in San Francisco, New York, London, Indianapolis, and Atlanta.

SITE Centers expects it will extend the joint venture beyond the initial investment.

Greystone was able to optimize the sponsor's value-add business plan to complete the interior renovations already underway by the asset's former owner, an affiliate of Deutsche Bank AG.