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CHICAGO—Purchasing downtown office space, as opposed to renting, is relatively unusual, but Lisa Davidson and James Stein of Studley say that for some users it makes sense. As reported in GlobeSt.com, the two have just finished representing, for example, the Taipei Economic and Cultural Representative Office in the US in its purchase of 20,315-square-feet within 55 W. Wacker in Chicago. The consulate, which will relocate this spring from its current offices atop Two Prudential Plaza at 180 N. Stetson in Chicago, serves Taiwanese citizens in the Midwestern US and represents the interests of the Republic of China, also known as Taiwan.

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