9/19/2007

Joint venture sells 200 W. Monroe in Chicago for $113 million

by

200 W. Monroe

A joint venture between John Buck Co. and McMorgan & Co. has sold 200 W. Monroe, a downtown Chicago office building, for $113 million to GE Asset Management.

Cushman & Wakefield brokered the transaction.

Built in 1973, the 23-story office property contains 521,650 square feet. The Buck-McMorgan venture paid $73.25 million for the building in 2003.

Current tenants include National Education Servicing LLC, Select Hotels, Prospect Partners and Doculabs.

GE Asset Management is one of the largest institutional asset managers in the United States.

McMorgan & Co. is a San Francisco pension investment advisor. John Buck Co. is a full-service corporate real estate company specializing in commercial, mixed-use and residential properties.

Cushman & Wakefield is a real estate brokerage firm.

Address: 200 W. Monroe, Chicago, Ill.

Size: 521,650 square feet

Built: 1973

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Filed Under: Office

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