The property asset involved in the transaction is located at 400 South La Salle Street in Chicago, with a sale price of $12,000,000. The property is an office asset comprising a total area of 385,000 square feet. The price per square foot stands at $31.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,000,000
• Buyer: Mike Reschke & Jeff Breaden - Prime Group; Quintin Primo - Capri Interests
• Seller: Cboe Global Markets
• Buyer's Representative: Alex Smith - Cushman & Wakefield
• Seller's Representatives: Bruce Miller - JLL; Holly Duran & Jeff Mulder - Colliers
• Loan Amount: $7,000,000
• Market: Chicago

Prime Group and Capri Interests are set to convert the former Cboe Global Markets headquarters into a data center to meet the increasing demand for data center space and power capacity.