Burnham Center at 111 West Washington
CHICAGO—A joint venture of Golub & Co. and The Family Office Company B.S.C. of New York City has acquired the Burnham Center office tower here—the home of GrubHub's Chicago headquarters.
The 22-story office tower at 111 West Washington totals 585,000 square feet. Chicago-based Golub will assume management and leasing of the building that was constructed in 1913. The property was the last building designed by famed architect and urban planner Daniel Burnham.
No financial terms of the transaction were disclosed. Financing was provided by CIT.
Golub's acquisition team was led by Adam Short, vice president of acquisitions, and Ania Najder, director of acquisitions. The seller is an affiliate of Bryn Mawr, PA-based Alliance Partners HSP, LLC, an affiliate of the Shidler Group.
Peter Derrico, managing director of acquisitions and disposition for Alliance, negotiated the transaction on behalf of the seller who was represented by Cushman & Wakefield. Financing was provided by CIT.
Golub & Co. says it plans to refresh the tenant amenities, which include a fitness center, private tenant lounge and conferencing facilities. Ground-floor retail includes a mix of national and regional tenants.
With the acquisition, Golub & Company's Chicago-area office portfolio that includes 300 South Wacker Drive and 444 North Michigan Ave., now totals 3.5 million square feet.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
