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October 09, 2019  

Spear Street Buying West Loop Office Tower

Spear Street Capital has struck a deal to buy the Class-A office building at 500 West Monroe Street in Chicago.The San Francisco fund operator is under contract to purchase the 967,000-square-foot West Loop skyscraper from Piedmont Realty, an Atlanta REIT. The exact price couldn’t be learned, but market pros said bids were in the range of $415 million to $425 million, or up to $440/sf. JLL is brokering the deal.When the property was listed...

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