Jeremy Klemanski Of Alpharus Health Acquires Office At 315-317 North Racine Ave For $27.5M

This transaction involves the sale of a 95,000-square-foot office asset located at 315-317 North Racine Avenue in Chicago, IL. The property was sold for $27,500,000, which equates to a price per square foot of $289, reflecting a significant increase from its previous purchase price of $2.8 million in 2006.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $27,500,000
• Buyer: Jeremy Klemanski - Alpharus Health
• Seller: Joseph Panfil - Aberdeen Development
• Broker: Larry Goldwasser - CBRE
• Square Footage: 95,000
• Price per Square Foot: $289

Jeremy Klemanski represented Alpharus Health in acquiring the property from Joseph Panfil, who represented Aberdeen Development in the sale. This marks Aberdeen's first property sale in over a decade as the firm aims to shift focus towards a new 500,000-square-foot mixed-use project at 2101 West Pershing Road.