CHICAGO, MONTREAL—After a record year for office sales, 2016 is starting off with a bang. Ivanhoé Cambridge and its partner, Callahan Capital Properties, announced yesterday that their $198 million acquisition of 180 N. LaSalle St. in downtown Chicago, first reported on last summer, had been completed. 

The Montreal-based Ivanhoé is part of a lengthening line of foreign investors that see top Chicago office properties as solid, long-term investments. The infusion of foreign capital helped drive many of last year‘s sales, including that of One11 West Illinois, bought by a German firm. Other big office transactions in 2015 included: 233 N. Michigan Avenue for $196 million; the Aon Center for $712 million and 333 W. Wacker Dr. for $320.5 million.

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