The 333 W. Wacker Dr. building is located along the ChicagoRiver and is bounded by Wacker Drive, Franklin and Lake streets inChicago's West Loop sub-market. A highly recognized property, theJohn Buck Co. acquired its interest on behalf of Value EnhancementFund I. Lend Lease's majority interest was purchased on behalf ofValue Enhancement Funds IV, a real estate opportunity fund forinstitutional investors.

The 36-story, 826,630-sf office property was built in 1983. Thegreen glass facade, 468-ft. tall building overlooks the main forksof the Chicago River. It sits at a 45-degree angle to the streetwhich enables it to follow the contour of the river. Current anchortenants include the John Nuveen Co. and the Chicago office of thelaw firm of Skadden, Arps, Slate, Meagher and Flom.

According to Jim Ryan, a principal and portfolio manager ofValue Enhancement Fund IV, "333 West Wacker was a great opportunityto acquire a Class-A, trophy-quality asset in Chicago's strongestsub-market for a price below replacement cost." Designed by the NewYork architectural firm of Kohn Pedersen Fox, the property cost inexcess of $100 million to build. It received a National AIA HonorAward in 1984 and a Best New Building Design Award in 1986 from theFriends of Downtown.