CHICAGO-Property & Building Corp., an affiliate of IDBGroup, has agreed to purchase the 17-story office tower at Block 37in Chicago for $187 million. The Israeli firm, which recentlypurchased the new Barneys New York shop in the Gold Coast, will paynearly $426 per square foot for the 439,434-square-footfacility.
The 22 W. Washington St. building currently house MorningstarInc.'s headquarters. Property & Building has already delivered$7.5 million in trust and would give the rest when the deal getscompleted. For the full story, go to Crain's Chicago Business .
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