Younan Properties Inc. purchased a 630,000-square-foot high-rise in downtown Chicago for an undisclosed amount.
The class A property, 200 North LaSalle, rises 30 stories at the northwest corner of West Lake and North LaSalle streets. Built in 1984, the property was 92 percent occupied at the time of sale by tenants that include St. Paul Travelers, AMA Insurance Inc., Broadwing Financial Services, and Interpark Holdings.
Chicago-based Transwestern Investment Co. sold the property to Younan, which plans to make upgrades to the building’s common areas.
This acquisition brings Younan Properties’ holdings in Chicago and surrounding suburbs to approximately 2.5 million square feet of class A space in eight prime office properties.