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Report: Beacon Capital to buy Chicago office tower for $230M

Beacon Capital Partners agreed to acquire the 40-story office building at 190 S. LaSalle St. in Chicago for approximately $230 million, Crain's Chicago Business reported, citing sources familiar with the deal.

According to the report, the deal value is less than the at least $250 million that several industry experts predicted, but is above the $211 million that the seller, Tishman Speyer Properties LP, paid to acquire the roughly 800,000-square-foot property in 2013.

The 92%-leased property counts U.S. Bank as its largest tenant.

Spokespersons for Beacon and Tishman Speyer declined to comment, the report added.