The buildings in the portfolio include the 39-story OneFinancial Place at 440 S. LaSalle St. with one million sf ofrentable space; the twin 21-story buildings with a total of nearly1.4 million sf of space at 10 S. Riverside Plaza and 120 S.Riverside Plaza; and 200 S. Wacker Dr., a 40-story office towerwith 750,000 sf of rentable space. Behringer was interested in theportfolio because of the "proximity to mass transit and excellentWest Loop and Central Loop locations," says Jason Mattox, executivevice president with Behringer. "Really, these are irreplaceablelocations in what we consider to be an excellent long-termmarket."

The building at 200 S. Wacker Dr. is across the Chicago Riverfrom 222 S. Riverside and the adjoining building at 444 W. JacksonBlvd., which the REIT acquired for approximately $277.5 millionfrom an affiliate of Beacon last year. The building on Wacker Driveis in the process of being renovated, which Behringer will continuewith, Mattox says. The interior renovations include work on thelobby, elevators, the corridors and "potentially some adjustmentsto the restaurant and other deli amenities," he says.

All of the properties have occupancy rates in excess of 90%except for 200 S. Wacker, which has an occupancy rate ofapproximately 80%, Mattox tells GlobeSt.com. Some of the majortenants include Goldman Sachs, Chicago Stock Exchange, MorganStanley, Merrill Lynch, CDW Corp., Zurich American, BostonConsulting Group, Orbitz.com and the University of Illinois. Mattoxcould not provide an average asking lease rate since the rates varydepending on the location and floors.