180 North LaSalle Street tower Acquired by Menashe Properties | Real Estate Services M&A Deal

Menashe Properties has acquired the 180 North LaSalle Street tower, a real estate services other business in Illinois, for $55 million. The 38-story, 862,000-square-foot office property at 180 North LaSalle Street supports Menashe Properties acquisitions focused on Chicago Loop real estate services deals IL. Menashe Properties acquisitions target well-located downtown assets where leasing and redevelopment demand can improve occupancy and cash flow. The private equity acquisition is announced with a reported price range of $55 million to $60 million, reflecting a steep discount versus the seller’s 2016 purchase. Menashe Properties acquisitions of Chicago office towers include prior purchases from La Caisse and align with expectations for tenant demand tied to major local redevelopment, with closing expected after contract execution.