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CHICAGO — Alliance Partners has acquired 300 W. Adams, a 252,874-square-foot office building in Chicago's West Loop. The seller, a partnership between Sterling Bay Cos. and Annenberg Investments, acquired the 12-story building in 2007 for $23 million. At the time, the property was 68 percent occupied. The partnership undertook a multi-million dollar renovation and Wanxiang America Real Estate Group, a limited partner in the property, helped the ownership recapitalize the building. Today, the property is 93 percent leased. Michael Vesper of CBRE represented the seller in the transaction.