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CHICAGO-A USAA Real Estate Co.-managed fund has purchased the 430,000-square-foot FBI’s Chicago field office at 2111 W. Roosevelt, just southwest of the city’s CBD. The US Government Building Fund, whose investors include USAA and other private investors, reportedly purchased the 10-story office building, reportedly worth $170 million, from FBI Partners LLC, which included USAA, Pritzker Realty Group, and Higgins Development Partners. The property, which was developed by Higgins as a $125 million build-to-suit for the FBI in 2006, recently earned LEED Platinum certification. The sale price was not disclosed.

A spokeswoman for USAA says the US Fund owns office properties throughout the country, which are mostly leased to US federal and state government agencies. “This property was a perfect fit in the portfolio,” the spokeswoman says. The 10-acre property, which is fully-occupied by the FBI, includes a one-story annex and three-story parking garage. USAA declined to release the FBI’s lease rate and term for the building.

The recognition makes the FBI’s building the first platinum recipient in the world under the US Green Building Council’s Leadership in Energy & Environmental Design for Existing Buildings. The spokeswoman says the building was built to the latest standards for performance and efficiency, but that the recent LEED certification also had much to do with the management and operation of the building. Property management implemented USAA’s sustainability platform, which allowed reduced carbon emissions, lower operating costs, and higher property value, she says.

“This building was built to high standards to meet FBI specific criteria, and was not built under LEED criteria,” the spokeswoman tells GlobeSt.com. “We took a terrific, well-built building and asked, how can we operate it to world class standards, to include maximizing indoor air quality, occupant comfort, energy efficiency and environmental stewardship? Our focus was on operating this building to the best possible standards for the benefit of our tenant and partner in the FBI and GSA and to drive the highest possible asset value.”

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