CHICAGO—Beacon Investment Properties, LLC has acquired Riverwalk II, a 12-story, class A office tower in suburban Buffalo Grove from Hamilton Partners, Inc. of Itasca, IL, for $45 million, its third office acquisition in the Chicago area in the last six months. JLL brokered the sale of the 258,955-square-foot glass and steel building at 2100 E. Lake Cook Rd. It was developed in 1998 by Hamilton for Allstate Insurance Company.

“With numerous prominent institutional buyers bidding for this distinctive office property, we are honored to be selected by Hamilton Partners as the buyer,” said Ariel Bentata, managing partner and co-founder the Florida-based Beacon, in a prepared statement. He was not available for comment by press time, but will post an update with him tomorrow.

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