SOLD
Tishman Speyer Acquires Union West Luxury Residential Tower In Chicago's West Loop For $128M
939 West Washington Boulevard
MultiFamily
Sold 138 days ago
Summary
Sale
ILLINOIS
MultiFamily
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.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Greg West, Nooshin Felsenthal & John Jaeger
DATE: 12/21/2023
ADDRESS: 939 West Washington Boulevard
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER: Tishman Speyer (@TishmanSpeyer) - Nooshin Felsenthal (@NooshinFelsenthal)
SELLER: ZOM Living (@ZomLiving) - Greg West
BROKER: John Jaeger - CBRE (@CBRE)
SALE PRICE: $128,000,000
UNITS: 357 ~ PPU: $358,543
NOTE: Tishman Speyer has acquired the 15-story Union West luxury residential tower in Chicago's West Loop for about $128 million from ZOM Living. The 357-apartment property, 94% leased, adds to Tishman Speyer's recent expansion in key U.S. markets, including Boston and Atlanta.View on map
Loading...
Address939 West Washington Boulevard
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want