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Updated: Onni Group Completes Purchase of 200 N. LaSalle in Chicago

Younan Finalizes Sale of 645,170-SF Office Tower in Central Loop
By Laurie Forbes
April 17, 2012 | 7:00 P.M.

Vancouver, B.C. real estate developer Onni Group completed its acquisition of 200 N. LaSalle St., a 645,170-square-foot office building in Chicago, IL, for nearly $157 per square foot or $101 million, according to published reports. Younan Properties said it sold the trophy high rise as part of its de-leveraging strategy to recycle capital and strengthen its balance sheet. The company owed nearly $90 million on a loan set to mature late last year.

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