$135 Million Sale of 525 West Van Buren in Chicago’s West Loop Closed by HFF

CHICAGO--()--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 525 West Van Buren, a 522,809-square-foot, 16-story, Class A office tower located in Chicago’s West Loop.

“The property has true class A tenancy and also offers a great opportunity to lease up the vacant space as Chicago’s central business district office market continues to improve”

HFF represented the seller, Northwood Investors, in the transaction. AEW Capital Management, Inc. acquired the office tower for $135 million on behalf of one of its separate account clients.

525 West Van Buren is situated at the southwest corner of Van Buren and Canal Streets in the West Loop within Chicago’s central business district. This location is adjacent to the Chicago Transit Authority’s elevated train system (“L”) and close to Union Station, Ogilvy Transportation Center and Interstate 290 providing tenants and commuters access to the entire metropolitan area. Completed in 2002, 525 West Van Buren features an on-site café, 40 indoor executive parking spaces, a mezzanine floor with a Wi-Fi lounge, conference center, fitness center with lockers and showers, and a bike room with storage for 56 bikes.

The HFF investment sales team representing the seller was led by senior managing directors Jaime Fink and Jeffrey Bramson and managing director Mark Katz.

“The property has true class A tenancy and also offers a great opportunity to lease up the vacant space as Chicago’s central business district office market continues to improve,” said Fink.

About Northwood Investors

Northwood Investors is a leading privately-held global real estate investment firm with $4.9 billion of real estate assets under management. Founded in 2006 by John Z. Kukral, Northwood employs a fundamental, value driven investment strategy with a longer-term outlook. Northwood has extensive experience investing in a wide range of real estate assets worldwide, including office buildings, shopping centers, hotels and residential investments, throughout multiple cycles and property types and geographies, providing the firm with a deep knowledge base, strong relationships, and tremendous access to global real estate resources.

About AEW Capital Management, L.P.

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage more than $48 billion of property and securities in North America, Europe and Asia (as of June 30, 2015). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Hong Kong and Singapore, as well as additional offices in eight European cities. For more information please visit www.aew.com.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.


Jaime M. Fink, (312) 528-3650
HFF Senior Managing Director
Jeffrey M. Bramson, (312) 528-3650
HFF Senior Managing Director
Kristen Murphy, (617) 338-0990
HFF Associate Director, Marketing

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Release Summary

$135 million sale of 525 West Van Buren in Chicago’s West Loop closed by HFF