Acquisition of 200 West Madison Office Tower

Deal value: $210,000,000

Acquisition of a 928,000 SF Class A office tower in Chicago's West Loop by a joint venture led by MetLife Investment Management.

The acquisition of 200 West Madison is driven by a belief in the long-term value and resilience of prime office assets in major urban centers. MetLife Investment Management seeks to capitalize on Chicago’s West Loop market fundamentals, aiming for stable cash flow, potential appreciation, and portfolio diversification. The timing reflects a strategic response to post-pandemic office market recovery, attractive pricing, and the opportunity to acquire a Class A property with strong tenant demand.