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CHICAGO — Downtown Properties, a U.S. associate of Hong Kong-based Gaw Capital Partners, has acquired Three First National Plaza, a 1.4 million-square-foot office building at 70 W. Madison St. in downtown Chicago. The 57-story, Class A office tower is currently 92 percent leased to tenants like Morgan Stanley, Fitch Ratings and K&L Gates. The property was acquired from Hines, a commercial real estate developer. Downtown Properties was the co-investor and advisor of the acquisition. South Korea's Hyundai Asset Management is the manager of the asset. Wells Fargo Securities Asia acted as the buy-side advisor, while Eastdil Secured arranged the acquisition financing and was Hines advisor.