Roberto Leopardi Of Bolton Group Acquires Office Building From Randy Rissman For $18M In Chicago

The property asset involved in this transaction is a 214,768-square-foot office building located at 600 West Fulton Street in Chicago. The sale is taking place at a transaction amount of $18,000,000, translating to a price per square foot of $84. The property is situated in the Chicago market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Buyer: Roberto Leopardi - Bolton Group
• Seller: Randy Rissman
• Square Footage: 214,768
• Price per Square Foot: $84

A venture of Bolton Group, represented by Roberto Leopardi, is finalizing the purchase, which follows a previous acquisition activity where a venture led by Randy Rissman paid $31.7 million in 2006. The buyer plans to occupy part of the property as the transaction proceeds, coinciding with a $27 million loan from Lincoln National Life Insurance maturing in November.