Prudential Real Estate Buys Chicago Offices for $183.5 Million
This article is for subscribers only.
Prudential Real Estate Investors bought 22 West Washington, a 17-story downtown Chicago office building, for $183.5 million to receive steady cash flow from a fully leased property.
The property, located in the city’s Central Loop district across from Daley Plaza, houses the headquarters of Morningstar Inc. and the local CBS television affiliate, the Parsippany, New Jersey-based real estate investment and advisory arm of Prudential Financial Inc. said in a statement today.