Ivanhoé Cambridge Acquires Callahan Capital Properties
Canada’s Ivanhoé Cambridge finalized the acquisition of Chicago-based Callahan Capital Properties (CCP). Financial details of the transaction were not disclosed.
In 2012, Ivanhoé Cambridge entered into a strategic relationship with CCP to expand its U.S. office properties platform. Over the years, the strategy proved successful, and, at the time of closing, the platform’s assets under management in the U.S. were in excess of $10 billion.
Ivanhoé Cambridge’s Daniel Fournier says, “We thank Tim Callahan and Michael Colleran for helping us build a strong platform of high-quality office properties in the United States. We are delighted to welcome a team of experienced professionals in this transition to Ivanhoé Cambridge, and to prepare the strategy for the next steps in our plan for our U.S. Office platform.”
Eastdil Secured advised on the transaction.
Ivanhoé Cambridge U.S. office assets:
– One Boston Place (201 Washington St.)
– 10/120 South Riverside Plaza
– 125 South Wacker Drive
– 180 North LaSalle
– 515 North State
– River Point (444 W Lake St)
– 410 17th Street
– Tabor Center
– US Bank Tower
– PacMutual (523 W 6th St)
– 85 Broad Street
– 1211 Avenue of the Americas
– 1411 Broadway
– Three Bryant Park
– 999 Third Avenue
– Newport Corporate Center
– U.S. Bank Centre
For comments, questions or concerns, please contact Dennis Kaiser