Legacy Investing Purchases Former Cboe Global Markets HQ In Chicago For $40 Million

The property asset involved in this transaction is an office building located at 400 South LaSalle Street in Chicago. The asset, formerly the headquarters of Cboe Global Markets, spans 385,000 square feet and was sold for a total price of $40,000,000, translating to a price per square foot of $104.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $40,000,000
• Location: 400 South LaSalle Street, Chicago
• Square Footage: 385,000
• Price Per Square Foot: $104
• Buyer: Daniel English - Legacy Investing
• Seller: Michael W. Reschke - Prime Group; Quintin Primo - Capri Investment Group

This transaction involved Daniel English representing Legacy Investing as the buyer, while the sellers included Michael W. Reschke of Prime Group and Quintin Primo of Capri Investment Group. Notably, the sellers achieved a tripling of their purchase price from 2024 through this sale. Legacy Investing plans to convert the property into a 33-megawatt data center by late 2026, a move that is significant in the current Chicago office market environment.