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600 West Fulton Street

Matt Garrison Of R2 Companies Acquires Office Building At 600 West Fulton Street For $17.6M
SOLDOffice

Matt Garrison Of R2 Companies Acquires Office Building At 600 West Fulton Street For $17.6M

600 West Fulton Street

$17,600,000

$81/SF

Building Size

214,768 SF

Asset Type

Office

Closing

Jul 6, 2026

AI

R2 Companies acquired an office property located at 600 West Fulton Street, Chicago, IL. The asset is a nine-story building with a total square footage of 214,768. The sale was completed with a transaction price of $17,600,000, translating to a cost per square foot of $82.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $17,600,000
  • Buyer: Matt Garrison
  • Buyer’s Company: R2 Companies
  • Market: Chicago, IL
  • Square Footage: 214,768
  • Price per Square Foot: $82

Matt Garrison, representing R2 Companies, played a key role in this transaction. The purchase by R2 Companies signifies a notable 44% discount from the previous acquisition price of $31.7 million paid in 2006 for the same property.

Players

Matt Garrison

R2 Companies

Buyer

$118.6M

vol

7 deals

Buyer

Rochester Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.90%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93