205 West Randolph Street Acquired by Sanjay Gandhi | Real Estate Services M&A Deal

Sanjay Gandhi has completed the acquisition of 205 West Randolph Street, a real estate services other business in Illinois, for $19 million. Sanjay Gandhi acquisitions focus on the Chicago Loop office market, where the 23-story, 207,500-square-foot vintage property is being repositioned after distress. The real estate services M&A transaction is structured as a divestiture acquisition of a foreclosed asset, aligning with IL acquisitions and private equity acquisition strategies. The deal follows a special servicer foreclosure process tied to an approximately $19 million loan balance, with the sale expected to occur through an auction mechanism. Newmark advised the seller in the real estate services deals IL process as the buyer takes control of the asset at 205 West Randolph Street.