Real Estate Investors bought a seventeen story downtown Chicago office building west Washington for $183.5 million to receive steady cash flow. The real estate agency acting on behalf of institutional investors in its core real estate fund, bought the building from a joint venture.
The west Washington office building is perfect example of high quality core office property that is going to provide a stable cash return. Prudential Real Estate Investors who bought the office building said that this building will provide stable cash return to the investors. The real Estate investors managed about $30.2 billion in net real estate assets n behalf of more than 490 clients.
The posh building is located in the city's central loop district across from Daley Plaza and the local CBS television affiliate .