Menashe Properties Buys Chicago Tower for $51.5 Million

Menashe Properties expands Chicago office portfolio with Wacker Drive buy

Menashe Properties is doubling down on Chicago's office market, scooping up a prime West Loop tower at a steep discount from its previous sale price.

Menashe Properties buys Chicago tower for $51.5 million

At a glance: Menashe Properties buys building at 125 S. Wacker Drive in Chicago The 31-story tower spans 640,000 square feet and is 63 percent leased It’s the Portland firm’s second major Chicago acquisition after 230 W. Monroe CEO Jordan Menashe says Chicago’s office market is gaining momentum Portland’s Menashe Properties has doubled down on Chicago office space, purchasing a 31-story tower in the West Loop area for $51.5 million. The co…