CHICAGO—USAA Real Estate Co. and its partner Golub & Co. just acquired Chestnut Place, a 30-story residential building at 850 N. State St. Although the price was not disclosed, Cook County records show the companies paid $80.5 million.

Michael Goldman and Collin McKenna of Golub, and David Reahl of USAA, negotiated the purchase. The seller, Chestnut Place Associates, was represented by CBRE.

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