Regions Midwest
Cape Horn Group Buys Chicago Office Building
Aug 1, 2008

KBS Realty Advisors has sold 205 W. Wacker, an office building located at the corner of W. Wacker Drive and Wells Street in Chicago's Central Loop business district. The 25-story building was renovated in the 1980s and contains 263,650 square feet of Class A office space and two additional basement levels offering storage and a 60-car indoor valet parking garage. Onsite amenities include a two-story penthouse, restaurant, gift shop, dental office and travel agency. The CBRE Investment team led by Michael Vesper represented KBS in the transaction. The buyer was Cape Horn Group. The building is 93 percent leased to 68 tenants.

 
Recent Midwest Headlines
New $430M Detroit Airport Terminal Cleared for Debut
Sept. 05, 2008
Construction of Detroit Metropolitan Airport's new 26-gate North Terminal has wrapped up, paving the way for the project's official unveiling on September 17
Distributor Expands to Entire 231,900-SF Chicago-Area Building
Sept. 05, 2008
It took only a few months for Rivera Logistics, a distributor for Seoul, Korea-based Hankook Tires, to determine that it needed more elbow room at its new locale.
AvalonBay Forms $950M Apartment Fund
Sept. 04, 2008
AvalonBay Communities Inc. has created a new fund that will focus on the acquisition and operation of apartment properties in high barrier-to-entry markets in the Northeast, Mid-Atlantic, Midwest, and on the West Coast.
Elanco Sites New HQ in Indiana's Hancock County
Sept. 03, 2008
Elanco, a global animal health company, has announced that it has chosen a site at I-70 and Ind. 9 as the location for its new worldwide headquarters. Construction on the state-of-the-art facility, set to begin in March 2009, marks the launch of a 52-acre business and life sciences park being developed by Browning Investments.
Duke to Build $55M Office Campus for GE Aviation in Cincinnati Suburb
Sept. 02, 2008
Duke Realty Corp. has started construction of a $55 million, 403,800-square-foot office campus for GE Aviation in West Chester, Ohio, as the aviation company seeks to consolidate its office space in the Cincinnati region.