SOLD
Community Solution Education System, The Chicago School Acquire Office Property In Chicago
400 South Jefferson Street
Office
247,000 SF
247,000 SF
Sold 14 days ago
Summary
Sale
ILLINOIS
Office
247,000 sqft
An office property located at 400 South Jefferson Street in Chicago was sold for $38.5 million. The property spans 247,000 square feet, amounting to a price per square foot of $155.87.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $38,500,000
- Address: 400 South Jefferson Street
- Market: Chicago
Michael Horowitz, representing Community Solution Education System, and Michele Nealon, from The Chicago School, were the buyers in the transaction. They acquired the office property from Office Properties Income Trust. The Chicago School intends to transform the property into a university with a capacity for 1,800 students by 2025.
Details
SOLD
IMAGE: Michael Horowitz & Michele Nealon
DATE: 06/04/2024
ADDRESS: 400 South Jefferson Street
MARKET: Chicago
ASSET TYPE: Office
BUYER: Michael Horowitz - Community Solution Education System; Michele Nealon - The Chicago School (@TheChicagoSchool)
SELLER: Office Properties Income Trust
SALE PRICE: $38,500,000
SF: 247,000 ~ PPSF: $156
NOTE: A venture between Community Solution Education System and The Chicago School acquired a 247,000 sq ft office property at 400 S Jefferson St. Chicago for $38.5M ($155.87/sf). The Chicago School plans to redevelop the property into a university with an 1,800-student capacity by 2025.View on map
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Address400 South Jefferson Street
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