Saturday, December 22, 2007

Germans buy the Rookery for $73M

An unknown wealthy German family purchases the Rookery for $73.4M from Broadway Partners. The 285,706 square foot building is located at 209 South LaSalle Street, Chicago.

The twelve story building was constructed in 1888 and renovated in 1991. The building is a National Historical Landmark and has received numerous design awards. At the time of sale it was reported 97% leased by a number of large government, legal and financial firms.

The unknown German purchaser was represented by the Metzler North America Corp. Broadway Partners were represented by Michael Vesper of CB Richard Ellis.

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source: persquare.com

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