Multi-Employer Property Trust (MEPT) has acquired 200 West Madison in Chicago for $217.5 million. The seller of the office building is a joint venture of Tishman Speyer, Pearlmark Real Estate Advisors and a major U.S. pension plan.
The $5.1 billion open-ended commingled real estate equity fund bought the 88 percent leased office complex in an all-cash deal through a limited partnership unit. The buyer was represented by Paul Barile and Janice Sellis of Transwestern’s investment services group.
Click here for the release from PR Newswire.
Paul Barile Janice Sellis Multi-Employer Property Trust Pearlmark Real Estate Advisors MEPT