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
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