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Klaff Realty Acquires 100 East Walton

CHICAGO - Downtown property will be redeveloped/repositioned for new office/retail tenants.

By Bonnie Grota | Updated on August 23, 2000

An eight-story office and retail building at 100 E. Walton St. has been acquired by Klaff Realty LP. The seller, Urban Growth Property Trust, sold the property for $2.7 million to a joint venture which also included the principals of Federal Construction Inc., a Canadian firm.

The facility, which comprises 45,900-rentable-sf, was built in 1989. The space is divided between 22,500-sf of retail space on two floors and 23,420-sf of office space on six floors. At the time of the transaction, the retail space was 58% occupied; the office space was 40% occupied.

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