CHICAGO-Sam Zell has purchased a stake in a 40-story office tower at 200 S. Wacker Drive. Zell's Equity Group Investments LLC and Chicago-based Transwestern Investment Co. have established a joint venture with Behringer Harvard REIT I Inc., the owner of the building, to recapitalize the 754,750-square-foot building.
The owner will keep a 10% stake in the property. Chicago-based J. F. McKinney & Associates has been employed to lease the office building. For the full story, go to Crain's Chicago Business .
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