Pacific Life Acquires Multifamily Property In West Loop, Chicago For $104M

The property involved in this closed transaction is a multifamily asset located at 1454 West Randolph Street in the West Loop area of Chicago. The sale took place on November 16, 2022, with Nick Ryan capturing the image of the property. The market for this asset was the West Loop neighborhood.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $104,000,000
• Units: 242
• Price Per Unit (PPU): $429,752
• Buyer: Pacific Life
• Seller: Marquette Cos. - Nick Ryan

Pacific Life was the buyer in this transaction, while Marquette Cos. represented the seller. The property consists of 242 units, with a sale price of $104,000,000 and a price per unit of $429,752. Nick Ryan captured an image of the property, situated on 1454 West Randolph Street in the West Loop area of Chicago.