Chicago’s biggest office sale since 2018 gives the 50-story former Leo Burnett Building some off-the-radar new owners, who even before the $415 million deal have been gobbling up properties throughout the country in an unusual partnership that has attracted little attention.
This Ground Lease Strategy, Spreading Nationally, Adds Twist to Biggest Chicago Office Sale in Years
After Paying $415 Million for Former Leo Burnett Building, Opal Holdings Buys Leasehold Interest in Ongoing Partnership
By Ryan Ori
CoStar News
April 8, 2022 | 6:32 P.M.
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IN THIS ARTICLE
- Properties
- Leo Burnett Building
35 Wacker Dr, Chicago, IL
- Companies
- Opal Holdings
Real Estate
- Prana Equities
Real Estate