Prudential Acquires Roosevelt Collection

CHICAGO—Prudential Real Estate Investors has just acquired the Roosevelt Collection, a class A mixed-use property in the South Loop, on behalf of institutional investors. The company is the real estate investment management and advisory business of Prudential Financial, Inc. Terms of the transaction were not disclosed.

Located at 150 Roosevelt Road, the LEED certified mixed-use property includes two eight-story buildings with 326,098 square feet of retail space, 342 loft-style apartment units, and a three-level parking garage. The property also includes a land lot that is part of a planned 400 unit, 43-story high-rise multifamily project.