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Fortinet Acquires Office Building In Chicago's West Randolph St For $20.8M

Property Image
SOLD
$20,800,000

Illinois

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Office94,000 SF
Sold 03/31/2022
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Property Image
SOLD

Fortinet Acquires Office Building In Chicago's West Randolph St For $20.8M

564 West Randolph Street, Chicago, Illinois 60661, United States

See Similar Deals
Office94,000 SF
Sold 03/31/2022
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$221
Total Square Footage:94,000 SF
Transaction Type:Sale

Fortinet, led by Ken Xie, has acquired an office asset located at 564 West Randolph St in Chicago. The property spans approximately 94,000 square feet and was sold by Pritzker Realty Group for a total price of $20,800,000. This translates to a price per square foot of $221.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $20,800,000
  • Address: 564 West Randolph St, Chicago
  • Buyer: Fortinet - Ken Xie
  • Seller: Pritzker Realty Group

Ken Xie, representing Fortinet, was instrumental in finalizing the deal for the acquisition of this office property. Fortinet, under the leadership of Ken Xie, continues to expand its presence in the Chicago market with this strategic purchase.

Players

3 deals$132.8M volume
BUYER

SELLER

Details

SOLD
IMAGE: Ken Xie DATE: 03/31/2022 ADDRESS: 564 West Randolph St MARKET: Chicago ASSET TYPE: Office BUYER: Fortinet - Ken Xie SELLER: Pritzker Realty Group SALE PRICE: $20,800,000 SF: 94,000 ~ PPSF:$221

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Debt Service Coverage Ratio (DSCR)

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