601W Cos. Acquires Chicago Property From Seller Represented By JLL For $68M

The property asset involved in the transaction is a five-story office building located at 801 S Canal St, Chicago, IL, 60607. The property includes 591,577 square feet of space and was sold for $68,000,000. The building is fully occupied by the Northern Trust Co. through August 2020 and features 105,000-square-foot floorplates, amenities such as a food hall, fitness center, daycare facility, conferencing facilities, and outdoor terrace space. The sale also included a 1.3-acre development site south of the property. The market for this transaction is Chicago.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $68,000,000
• Square Footage: 591,577
• Address: 801 S Canal St, Chicago, IL, 60607
• Seller's Representative: Jeffrey Bramson, Bruce Miller, Jaime Fink, Jeff Bramson - JLL
• Buyer: 601W Cos.
• Development Site: 1.3 acres included in sale

JLL Capital Markets facilitated the sale and represented the seller, Canal/Taylor Venture. Key individuals from JLL involved in the transaction include Jaime Fink, Bruce Miller, Jeff Bramson, Patrick Shields, and Sam DiFrancesca. In addition to representing the seller, JLL also procured the buyer, 601W Cos.