{"id":1004818074,"date":"2026-11-06T05:40:33","date_gmt":"2026-11-06T13:40:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004818074"},"modified":"2026-11-06T05:42:04","modified_gmt":"2026-11-06T13:42:04","slug":"hines-jv-purchase-chicago-trophy-tower-for-115m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/","title":{"rendered":"Hines JV Acquires Chicago Trophy Tower for $115M"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aede464bde50&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"3268\" height=\"4500\" data-attachment-id=\"1004818018\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/225-w-wacker_chicago\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg\" data-orig-size=\"3268,4500\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1479735837&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"225 W Wacker_Chicago\" data-image-description=\"&lt;p&gt;Image sent with press release by Jeremy Barewin at C&#038;W&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Cushman &#038; Wakefield will remain an anchor tenant at 225 W. Wacker Drive following the ownership change. Image courtesy of Cushman &#038; Wakefield &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg?w=744\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg\" alt=\"View across the Chicago River of 225 W. Wacker Drive, a stone-and-glass office tower beside the Franklin Street bridge.\" class=\"wp-image-1004818018\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg 3268w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg?resize=218,300 218w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg?resize=768,1058 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg?resize=744,1024 744w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg?resize=1115,1536 1115w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225-W-Wacker_Chicago-.jpg?resize=1487,2048 1487w\" sizes=\"auto, (max-width: 3268px) 100vw, 3268px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Cushman &amp; Wakefield will remain an anchor tenant at 225 W. Wacker Drive following the ownership change. <em>Image courtesy of Cushman &amp; Wakefield <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture between Prime Finance and Hines has acquired 225 W. Wacker Drive, a Class A, 31-story, 651,000-square-foot office tower in downtown Chicago, for $115 million from Spear Street Capital.<\/p>\n\n\n\n<p>The sale price is approximately 45 percent less than the $210 million Spear Street Capital paid when it <a href=\"https:\/\/www.commercialsearch.com\/news\/transactions-september-2020\/\">purchased the building<\/a> in June 2020 from Mirae Asset Financial Group. The property became subject to a $158 million loan in October 2020 originated by Royal Bank of Canada, according to Yardi Matrix data.<\/p>\n\n\n\n<p>The tower is located at the intersection of Wacker Drive and Franklin Street, where Chicago\u2019s West Loop and River North neighborhoods converge. The property has direct access to Chicago\u2019s Riverwalk and is situated near the city\u2019s transportation network, restaurants, hotels and entertainment destinations.<\/p>\n\n\n\n<p>Completed in 1988, the building is home to Cushman &amp; Wakefield&#8217;s global headquarters. The firm is an anchor tenant, leasing more than 83,000 square feet.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield, which began marketing the building in February, advised Spear Street Capital on the sale. The firm&#8217;s National Office Investment Advisory Group, comprising Executive Managing Directors Cody Hundertmark and Tom Sitz and Directors Jeremiah Olsen and Kelsey Berry, represented Spear Street Capital. The firm\u2019s Equity, Debt and Structured Finance Group, led by Vice Chair Jeff Altenau, also advised Prime Finance in sourcing acquisition financing.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield is expected to be retained by Prime Finance to oversee property management and agency leasing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-tower-s-transformation\">The tower&#8217;s transformation <\/h2>\n\n\n\n<p>Sitz, who is also co-head of Midwest Capital Markets, said in prepared remarks that 225 W. Wacker Drive is one of the largest and highest-quality office towers to change hands in downtown Chicago since 2022. According to Sitz, the building&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/skender-completes-chicago-office-tower-renovation\/\">recent renovations<\/a>, amenity enhancements and leasing momentum generated significant investor interest.<\/p>\n\n\n\n<p>Soon after acquiring the building, Spear Street Capital chose Skender as the general contractor for three different construction projects, including upgrades to the lower lobby and Franklin Street entrance, fourth-floor amenity space and roof deck. The investments also featured improvements to conferencing and collaboration spaces, a tenant lounge and fitness facilities.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/how-chicagos-character-rich-offices-are-winning-creative-tenants\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/how-chicagos-character-rich-offices-are-winning-creative-tenants\/\">How Chicago\u2019s Character-Rich Offices Are Winning Creative Tenants<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Cushman &amp; Wakefield managed the process. The renovation began in 2021 and was unveiled in early 2023. The tower received a LEED Gold recertification in October 2022.<\/p>\n\n\n\n<p>With the new ownership, the joint venture is planning additional investments to the building, including a re-envisioned lobby-level restaurant and bar. The improvements aim to activate the ground floor and strengthen the property&#8217;s connection to the riverfront.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-more-prime-and-hines-deals\"><strong>More Prime and Hines deals<\/strong><\/h2>\n\n\n\n<p>Known as a private commercial real estate credit platform with a range of financing options, Prime Finance is also a CRE investor. The firm, which has offices in San Francisco, Chicago and New York, has more than $15.2 billion in assets under management as of June 30. In March, a joint venture of Prime Finance, Redwood West, Panattoni and Prism Places purchased Victoria Gardens, a 1.2 million-square-foot retail asset in Rancho Cucamonga, Calif., from Brookfield Properties and Queensland Investment Corp. for $530 million. It was <a href=\"https:\/\/www.commercialsearch.com\/news\/brookfields-530m-socal-retail-deal-breaks-multi-year-record\/\">one of the largest retail deals recorded in Southern California.<\/a><\/p>\n\n\n\n<p>Hines has been returning to the office market in the past year. Also in Chicago, the firm partnered with The Stahl Organization to acquire Boeing\u2019s leasehold interest in its former headquarters at 100 N. Riverside Plaza in December 2025 for $22 million. The 36-story tower has roughly 776,000 square feet of space.<\/p>\n\n\n\n<p>More recently, Hines <a href=\"https:\/\/www.commercialsearch.com\/news\/hines-pays-151m-for-austin-asset\/\">purchased 405 Colorado,<\/a> a 25-story, 206,000-square-foot Class AA trophy tower in downtown Austin, Texas, from Brandywine Realty Trust for $151 million. Tenants include Cushman &amp; Wakefield, JPMorgan, Bain &amp; Co., AllianceBernstein and Snap Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The asset traded at a significant discount from its purchase price six years ago.<\/p>\n","protected":false},"author":1068,"featured_media":1004818019,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21783,13,21742,21747],"tags":[32799,32797,39251,33392],"class_list":["post-1004818074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-investment","category-midwest","category-latest","category-office","tag-cushman-wakefield","tag-hines","tag-prime-finance-partners","tag-spear-street-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hines JV Acquires Chicago Trophy Tower for $115M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A joint venture between Prime Finance and Hines has acquired 225 W. Wacker Drive in downtown Chicago for $115 million.\" \/>\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\/hines-jv-purchase-chicago-trophy-tower-for-115m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines JV Acquires Chicago Trophy Tower for $115M\" \/>\n<meta property=\"og:description\" content=\"A joint venture between Prime Finance and Hines has acquired 225 W. Wacker Drive in downtown Chicago for $115 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/\" \/>\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=\"2026-11-06T13:40:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-06T13:42:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225WWackerEnterance.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"Hines JV Acquires Chicago Trophy Tower for $115M\",\"datePublished\":\"2026-11-06T13:40:33+00:00\",\"dateModified\":\"2026-11-06T13:42:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/\"},\"wordCount\":620,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/11\\\/225WWackerEnterance.png\",\"keywords\":[\"Cushman &amp; Wakefield\",\"Hines\",\"Prime Finance Partners\",\"Spear Street Capital\"],\"articleSection\":[\"Chicago\",\"Investment\",\"Midwest\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/\",\"name\":\"Hines JV Acquires Chicago Trophy Tower for $115M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/11\\\/225WWackerEnterance.png\",\"datePublished\":\"2026-11-06T13:40:33+00:00\",\"dateModified\":\"2026-11-06T13:42:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"description\":\"A joint venture between Prime Finance and Hines has acquired 225 W. Wacker Drive in downtown Chicago for $115 million.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/11\\\/225WWackerEnterance.png\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/11\\\/225WWackerEnterance.png\",\"width\":800,\"height\":620,\"caption\":\"Street-level entrance to 225 W. Wacker Drive, featuring tall stone columns, glass revolving doors and an American flag.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-jv-purchase-chicago-trophy-tower-for-115m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hines JV Acquires Chicago Trophy Tower for $115M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/gail-kalinoski\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hines JV Acquires Chicago Trophy Tower for $115M - Commercial Property Executive","description":"A joint venture between Prime Finance and Hines has acquired 225 W. Wacker Drive in downtown Chicago for $115 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/","og_locale":"en_US","og_type":"article","og_title":"Hines JV Acquires Chicago Trophy Tower for $115M","og_description":"A joint venture between Prime Finance and Hines has acquired 225 W. Wacker Drive in downtown Chicago for $115 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2026-11-06T13:40:33+00:00","article_modified_time":"2026-11-06T13:42:04+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225WWackerEnterance.png","type":"image\/png"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/"},"author":{"name":"Gail Kalinoski","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"headline":"Hines JV Acquires Chicago Trophy Tower for $115M","datePublished":"2026-11-06T13:40:33+00:00","dateModified":"2026-11-06T13:42:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/"},"wordCount":620,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225WWackerEnterance.png","keywords":["Cushman &amp; Wakefield","Hines","Prime Finance Partners","Spear Street Capital"],"articleSection":["Chicago","Investment","Midwest","News","Office"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/","url":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/","name":"Hines JV Acquires Chicago Trophy Tower for $115M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225WWackerEnterance.png","datePublished":"2026-11-06T13:40:33+00:00","dateModified":"2026-11-06T13:42:04+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"description":"A joint venture between Prime Finance and Hines has acquired 225 W. Wacker Drive in downtown Chicago for $115 million.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225WWackerEnterance.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225WWackerEnterance.png","width":800,"height":620,"caption":"Street-level entrance to 225 W. Wacker Drive, featuring tall stone columns, glass revolving doors and an American flag."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hines-jv-purchase-chicago-trophy-tower-for-115m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hines JV Acquires Chicago Trophy Tower for $115M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/11\/225WWackerEnterance.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004818074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004818074"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004818074\/revisions"}],"predecessor-version":[{"id":1004818078,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004818074\/revisions\/1004818078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004818019"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004818074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004818074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004818074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}