Distressed Sale of 333 South Wabash, Chicago

Deal value: $195 Million

Acquisition of a 1.2 million SF downtown Chicago office tower at a distressed price, with plans for repositioning and lease-up.

The core investment motivation is to acquire a landmark downtown Chicago office tower at a distressed price, capitalizing on market dislocation and the potential for value creation through repositioning and lease-up. The strategic purpose is to secure a high-quality, architecturally significant asset below replacement cost, with the belief that demand for well-located, amenity-rich office space will recover as the market stabilizes. The timing is driven by distress in the office sector, offering a rare entry point for long-term investors seeking to benefit from cyclical recovery and urban revitalization.