Search
 

Ivanhoé and Callahan Complete $198M Buy

CHICAGO—The city has attracted a great deal of foreign investment, and Canadian Ivanhoé says Chicago is a key city in its strategy to grow a US office platform.

By Brian J. Rogal | Updated on January 21, 2016

CHICAGO, MONTREAL—After a record year for office sales, 2016 is starting off with a bang. Ivanhoé Cambridge and its partner, Callahan Capital Properties, announced yesterday that their $198 million acquisition of 180 N. LaSalle St. in downtown Chicago, first reported on last summer, had been completed. 

The Montreal-based Ivanhoé is part of a lengthening line of foreign investors that see top Chicago office properties as solid, long-term investments. The infusion of foreign capital helped drive many of last year‘s sales, including that of One11 West Illinois, bought by a German firm. Other big office transactions in 2015 included: 233 N. Michigan Avenue for $196 million; the Aon Center for $712 million and 333 W. Wacker Dr. for $320.5 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.