One of the earliest Chicago office investors this cycle is doubling down as the city’s office market creeps back to life.
Menashe Properties earlier this month scooped up 125 S. Wacker Drive, a 31-story, 640K SF Class-A office tower in the West Loop, for $51.5M. It was its second buy in as many years, as the company’s CEO, Jordan Menashe, sees an improving market — and an opportunity to capture market share with an aggressive focus on spec suites.
“Chicago is back,” Menashe told Bisnow.