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Chicago & Midwest  + Chicago + Downtown  + Office  | 
Nightingale Properties has acquired 200 W. Jackson Blvd. in its first Chicago office purchase

Nightingale Adds West Loop Tower in First Chicago Office Buy 

In its first Chicago office deal, New York-based Nightingale Properties has acquired 200 W. Jackson Blvd. in the West Loop. The $130-million purchase price includes an oversubscribed fundraise through CrowdStreet. 

“200 West Jackson embodies all of the hallmarks we seek in a boutique office property,” said Will Hutton, director of acquisitions and capital markets at Nightingale. “We are firm believers in the future of office, and 200 West Jackson echoes our data-driven investment thesis for transit-oriented CBD office investments driven by a flight to quality by tenants in a post-COVID environment. We are proud to partner with CrowdStreet for our first online equity raise from retail investors.” 

The 480,000-square-foot office property currently has 80,000 square feet of vacancies, and its below-market rents offer upside. Nightingale plans a light renovation and strategic capital improvements, and is well capitalized to complete lease-up of the remaining vacancies.

Photo credit: Cushman & Wakefield 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
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