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Oak Hill Advisors Acquires Office Building At 110 N. Wacker Dr In Chicago For $1B

Property Image
SOLD
$1,000,000,000

Illinois

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Office1,500,000 SF
Sold 01/01/2022
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Property Image
SOLD

Oak Hill Advisors Acquires Office Building At 110 N. Wacker Dr In Chicago For $1B

110 North Wacker Drive, Chicago, IL 60606

See Similar Deals
Office1,500,000 SF
Sold 01/01/2022
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$666
Total Square Footage:1,500,000 SF
Transaction Type:Sale

The in-contract property transaction at 110 N. Wacker Dr in Chicago has caught the attention of real estate enthusiasts. This office asset, spanning across 1,500,000 square feet, is on its way to being sold. The property is being transacted by the Howard Hughes Corporation, represented by David O'Reilly. The buyer, Oak Hill Advisors, has expressed their interest in acquiring this prime office space.

Summary of Transation Details:

  • Property Type: Office
  • Transaction Amount: $1,000,000,000
  • Address: 110 N. Wacker Dr
  • Market: Chicago
  • Square Footage: 1,500,000
  • Buyer: Oak Hill Advisors
  • Seller: Howard Hughes Corporation - David O'Reilly
  • Broker: Eastdil Secured

David O'Reilly, representing the Howard Hughes Corporation in this transaction, has been instrumental in facilitating the deal. Eastdil Secured, the broker involved, has played a crucial role in matching the buyer and seller. With a sale price of $1,000,000,000 and a price per square foot of $667, this transaction is one of the most notable ones in the market. Both the buyer and the seller are looking to capitalize on this lucrative opportunity.

Players

BUYER

David R. O’Reilly
5 deals$1.7B volume
SELLER

Details

SOLD
IMAGE: CONTRACT IMAGE: David O’Reilly DATE: 01/01/2022 ADDRESS: 110 N. Wacker Dr MARKET: Chicago ASSET TYPE: Office BUYER: Oak Hill Advisors SELLER: Howard Hughes Corporation - David O’Reilly BROKER: Eastdil Secured SALE PRICE: $1,000,000,000 SF: 1,500,000 ~ PPSF: $667

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