{"id":1004126219,"date":"2015-08-26T08:23:28","date_gmt":"2015-08-26T16:23:28","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359190"},"modified":"2020-04-08T09:09:30","modified_gmt":"2020-04-08T17:09:30","slug":"aew-scores-135m-office-deal-in-windy-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aew-scores-135m-office-deal-in-windy-city\/","title":{"rendered":"AEW Scores $135M Office Deal in Windy City"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"525<\/a><\/p>\n

525 W Van Buren<\/p>\n<\/div>\n

A prime office asset in Chicago\u2019s West Loop recently sold for a whopping $135 million in a deal secured by HFF<\/a>.<\/p>\n

AEW Capital Management Inc.<\/a>\u00a0acquired 525 W. Van Buren<\/a>, a 16-story, 522,809-square-foot office tower in the city\u2019s central business district, from Northwood Investors<\/a>. An HFF investment sales team led by Senior Managing Directors Jaime Fink and Jeffrey Bramson and Managing Director Mark Katz represented the seller in the transaction. AEW purchased the property on behalf of one of its separate account clients.<\/p>\n

\u201cThe property has true Class A tenancy and also offers a great opportunity to lease up the vacant space as Chicago\u2019s central business district office market continues to improve,\u201d said Fink.<\/p>\n

The 13-year-old tower at the southwest corner of Van Buren and Canal streets incorporates a fitness center, conference center, an on-site caf\u00e9, 40 indoor executive parking spaces, a mezzanine floor with a Wi-Fi lounge, as well as a bike room with storage for 56 bikes. 525 W. Van Buren is adjacent to the Chicago Transit Authority\u2019s elevated train system, while also being close to Union Station, Ogilvy Transportation Center and the I-290, providing workers and commuters easy access to the entire metropolitan area.<\/p>\n

Image courtesy of Northwood Investors<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A prime office asset in Chicago’s West Loop recently sold for a whopping $135 million in a deal secured by HFF.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004126219","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nAEW Scores $135M Office Deal in Windy City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/aew-scores-135m-office-deal-in-windy-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AEW Scores $135M Office Deal in Windy City\" \/>\n<meta property=\"og:description\" content=\"A prime office asset in Chicago’s West Loop recently sold for a whopping $135 million in a deal secured by HFF.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aew-scores-135m-office-deal-in-windy-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-26T16:23:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T17:09:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Capture1.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/aew-scores-135m-office-deal-in-windy-city\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/aew-scores-135m-office-deal-in-windy-city\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"AEW Scores $135M Office Deal in Windy City\",\"datePublished\":\"2015-08-26T16:23:28+00:00\",\"dateModified\":\"2020-04-08T17:09:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/aew-scores-135m-office-deal-in-windy-city\\\/\"},\"wordCount\":217,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/aew-scores-135m-office-deal-in-windy-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Capture1.jpg\",\"articleSection\":[\"Chicago\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/aew-scores-135m-office-deal-in-windy-city\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/aew-scores-135m-office-deal-in-windy-city\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/aew-scores-135m-office-deal-in-windy-city\\\/\",\"name\":\"AEW Scores $135M Office Deal in Windy City - 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