The 36-story riverfront tower located at 333 West Wacker Drive in Chicago was acquired by Fred Seigel of Beacon Capital Partners for $125 million. The property spans 867,600 square feet and was sold for approximately $144 per square foot by the seller AFL-CIO Building Investment Trust.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $125,000,000
• Buyer: Fred Seigel - Beacon Capital Partners
• Seller: AFL-CIO Building Investment Trust
• Brokers: Cody Hundertmark, Dan Deuter & Tom Sitz - Cushman & Wakefield
• Address: 333 West Wacker Drive
• Market: Chicago

The acquisition of the riverfront tower at 333 West Wacker Drive in Chicago involved key individuals including Cody Hundertmark, Dan Deuter, and Tom Sitz from Cushman & Wakefield who represented the buyer and seller in the deal. The purchase price of $125 million reflects the challenging office sector environment, with Beacon Capital Partners planning $36 million in renovations to cater to their largest tenant, Nuveen.