CHICAGO-An affiliate of General Electric Pension Trust, based inFairfield, CT, has acquired 200 W. Monroe St. from a joint venturewith an opportunity fund for the John Buck Co., based here, and SanFrancisco-based McMorgan & Co. The sales price was $115million, says Paul Heinen, principal with the John Buck Co. “Theywere able to acquire it for still-below replacement cost for abuilding of this type,” he says.

A cap rate was not disclosed. Buck was represented in thetransaction by Brian Nagle, with Cushman & Wakefield. A caprate was not disclosed. MB Real Estate will be the manager andleasing agent for the building.

The 23-story building has a total of 649,265 sf. Not included inthe sale was 113,354 sf purchased for reportedly $17.5 million bythe Jewish Federation of Metropolitan Chicago in 2005. The buildingwas constructed in 1973 and renovated in 1996. The joint ventureacquired the building in 2003, Heinen says. The sales price thenwas approximately $73.2 million with a cap rate of 10.2%, sourcessay.