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.

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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