Midwest

CHICAGO — Summit Design + Build LLC has completed a 14,500-square-foot build-out of office space for Applegate & Thorne-Thomsen P.C., a law firm spanning the entire fourth floor of 626 W. Jackson Blvd. in Chicago's West Loop. The new office includes private offices, conference rooms, a reception area and exposed brick. Applegate & Thorne-Thomsen marks the fifth build-out Summit has completed within the 626 W. Jackson building in the past 18 months. The firm has also completed build-outs for Thompson Flanagan, Sterling Bay Cos., Rightpoint and Schuman and Schuman, Simon & Grodecki Ltd. Summit & Design + Build's Dave Mooney, Pat Lynn and Rodger Meyer were responsible for the on-site construction of the law firm. Fitzgerald Earles Architects and Associates was the architect for the project.

CHICAGO — The Hearn Co. has purchased 55 W. Monroe in Chicago from LaSalle Investment Management for $136 million. The 803,000-square-foot, 40-story office tower was once known as the Xerox Center. The new owner plans to make street-level changes to the entries and upgrade the property's amenities and common areas. Bruce Miller, Jim Postweiler, David Hendrikson, Keith Largay, Jascint Vukelich and Nooshin Felsenthal of Jones Lang LaSalle represented Hearn in the transaction. The brokerage also secured acquisition financing of $108 million: $86.5 million in senior debt through Wells Fargo Bank and $21.5 million in mezzanine facility through Redwood Trust.