Ziki Zaffir Of Amcor Holdings Inc. Acquires Office Building In Evanston For $11.5M

The office building located at 500 Davis Street in Evanston, Illinois, was sold for $11.5 million. The property spans 125,285 square feet, resulting in a purchase price of approximately $91.79 per square foot. At the time of the transaction, the 10-story asset had a leasing rate of 62%, a decrease from 96% occupancy in 2018, when it had an earlier sale value of $32.3 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,500,000
• Address: 500 Davis Street
• Market: Evanston, IL
• Square Footage: 125,285
• Price Per Square Foot: $91.79
• Buyer: Ziki Zaffir - Amcor Holdings Inc.
• Seller: Randy Rissman
• Broker: Colliers

The transaction involved Ziki Zaffir representing Amcor Holdings Inc. in acquiring the property from a venture led by Randy Rissman. Colliers facilitated the negotiation and completion of this deal.