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Firms That Buy Distressed Malls Move To Seize Control of 47-Story Office Tower in Chicago

Venture of Namdar Realty, Mason Asset Management Buys Matured Note on Building

This 47-story office tower in Chicago measures just shy of 500,000 square feet. (CoStar)
This 47-story office tower in Chicago measures just shy of 500,000 square feet. (CoStar)

Affiliated real estate investors that often buy distressed shopping malls are close to taking control of a 47-story office tower in Chicago’s Loop business district, a deal that comes about three months after the firms bought one of the tallest buildings in Cleveland.

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