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CHICAGO-Affiliates of Harbor Group International LLC have closed on the acquisition of the 40-story, 1.2-million-square-foot One South Wacker office building here for $221 million. The seller is TIAA-CREFF, according to market sources.  The selling price had been originally reported as just under the $230 million.

Israeli insurance firm Clal Insurance Co. is Harbor’s largest investment partner. Other investors include affiliates of New York-based Image Capital LLC. Eastdil Secured served as the seller’s broker for the building, located at the intersection of Madison Street and Wacker Drive in the prestigious West Loop area.

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