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Ivanhoé Cambridge, Callahan Capital Acquire Chicago Office Property for $145M

Located in the West Loop, 125 S. Wacker Drive consists of 31 stories and 576,000 square feet.

Located in the West Loop, 125 S. Wacker Drive consists of 31 stories and 576,000 square feet.

CHICAGO — Ivanhoé Cambridge and Callahan Capital Properties have acquired 125 S. Wacker Drive in downtown Chicago for $145 million. The 576,000-square-foot office building is situated at the corner of South Wacker Drive and West Adams Street in the West Loop. The property features a variety of tenant amenities, including a fitness center, conference center, quick-serve restaurant and financial services. The 31-story tower was originally constructed as a headquarters facility for Northern Trust. The new owners plan to make upgrades to the lobby, elevators and other amenities.

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