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CHICAGO—A group of investors has purchased 540 West Madison in Chicago for a reported $350 million. The partnership included Joseph Mizrachi, David Werner, Eyal Ben-Yosef, David Alcalay, Bruce Wisbaum and Dr. Zvi Sharf, Carlton Associates Inc. and the investment division of Independent Health. The investors secured senior mortgage and mezzanine financing from Deutsche Bank to acquire the 1.1-milion-square-foot office tower. Jones Lang LaSalle capital markets team secured a fixed-rate, interest-only five-year loan for a reported $250 million through Deutsche Bank for the deal. The 31-story, LEED gold-certified property was completed in 2003 and is currently 91 percent leased.