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New York firms complete discounted purchase of Chicago office tower

601W and David Werner Real Estate Investments land $62.5 million loan to buy 303 E. Wacker
New owners of the 30-story office tower at 303 E. Wacker Drive have taken out a $62.5 million loan on the Chicago property. (Gian Lorenzo Ferretti/CoStar)
New owners of the 30-story office tower at 303 E. Wacker Drive have taken out a $62.5 million loan on the Chicago property. (Gian Lorenzo Ferretti/CoStar)
CoStar News
January 6, 2025 | 9:36 P.M.

New York investors have wrapped up the heavily discounted purchase of a 30-story tower in Chicago’s Loop business district, backed by $62.5 million in new debt that includes a large chunk set aside for leasing.

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