Tishman Speyer Acquires Union West Luxury Residential Tower In Chicago's West Loop For $128M

Tishman Speyer has acquired the Union West luxury residential tower in Chicago's West Loop for approximately $128 million. The 15-story property, located at 939 West Washington Boulevard, consists of 357 apartments and is currently 94% leased. The sale price equates to a per-unit price of about $358,543.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $128,000,000
• Units: 357
• Price per Unit: $358,543
• Address: 939 West Washington Boulevard
• Market: Chicago

Tishman Speyer's expansion in key U.S. markets, including Boston and Atlanta, continues with the acquisition of Union West. The buyer was represented by Nooshin Felsenthal from Tishman Speyer, while ZOM Living was represented by Greg West. The transaction was facilitated by John Jaeger of CBRE.

This purchase adds to Tishman Speyer's portfolio of luxury residential properties, demonstrating their investment strategy in sought-after markets.