Acquisition of 500 West Madison Office Tower, Chicago

United States

Deal value: $415,000,000

Acquisition of the 1.46 million sq. ft. 500 West Madison office tower in Chicago's West Loop by a joint venture led by Harrison Street and a Canadian pension fund. The property is a Class A office asset with direct access to Ogilvie Transportation Center.

The acquisition of 500 West Madison is driven by the belief in the enduring value of prime, transit-oriented, Class A office assets in major urban centers. The property’s direct access to Ogilvie Transportation Center, high occupancy rates, and anchor tenants like Accenture signal strong demand and stable cash flow. The West Loop’s ongoing urban renewal and its emergence as a hub for corporate headquarters further enhance the asset’s strategic appeal. Investors are capitalizing on the opportunity to own a landmark building in a rapidly gentrifying, high-growth district.