CHICAGO—MB Real Estate has just helped complete the sale of 20,315-square-feet within 55 W. Wacker in Chicago to the Taipei Economic and Cultural Office in Chicago. The price was not disclosed and company officials were not available by press time.
TECO-Chicago is overseen by the Taipei Economic and Cultural Representative Office in the US and serves Taiwanese citizens in the Midwestern US and represents the interests of the Republic of China, also known as Taiwan. It purchased the 13th floor and a portion of the 12th floor within 55 W. Wacker and will use it for its new Midwestern location. TECO-Chicago will relocate from its current offices within Two Prudential Plaza at 180 N. Stetson in Chicago this spring.
Building ownership was represented by Kevin Purcell, the chief operating officer and executive vice president; Mark Buth, executive vice president and managing director of leasing; and Walter Hennig, senior vice president for asset management of MB Real Estate. TECO-Chicago was represented by Lisa Davidson and James Stein of Studley.
Located near Michigan Ave. on Wacker Dr. in Chicago's Central Loop, 55 W. Wacker is a 209,000-square-foot, 15-story office property. Constructed in 1968, the class B building features 14,250-square-foot floor plates which users can lease or own. MB Real Estate leases and manages the property.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
