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
About this deal
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.
On the Map
$17,600,000
$81/SF
Office
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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