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CHICAGO-The office-condo building at 626 W. Jackson Blvd. here in the West Loop has inked two new purchase deals. The sales bring the former Chicago Housing Authority building to 70% occupied.

The Cara Program, a non-profit placement agency, purchased the second and third floor. The company, which now owns 29,736 square feet, will have its own entrance on the Des Plaines Street side of the building. Jones Lang LaSalle’s Matt Carolan represented the Cara Program in the transaction. The sale price and terms were not disclosed.

Dearborn Capital Management LLC, an investment planning group, took space on the sixth floor. The company will relocate to the 9,500 square feet from its current Central Loop building.

In 2007 626 W. Jackson was purchased by Sterling Bay Cos. with the Deitcher Group for more than $7.75 million, according to reports. The property then underwent a massive renovation in 2008 to create the office-condo space.

With these sales the 107,000-square-foot, eight-story building is 70% occupied. Two floors remain available for either purchase or lease, according to Menahem Deitcher, a principal with the Deitcher Group.

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