A joint venture between SHVO and Deutsche Finance America has completed the acquisition of 333 South Wabash Avenue in Chicago’s East Loop, an iconic office building known as “Big Red”, for $376 million.
The JV has acquired the office building from Morgan Stanley and The John Buck Company in the first quarter of 2020, and secured financing from a group led by AIG along with Goldman Sachs.
333 South Wabash features approximately 1.2 million square feet of office space over 45 floors in Chicago’s central business district.
Chicago’s iconic office building was designed by Graham, Anderson, Probst and White and completed in 1973; it was renovated and updated in 2019.
