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Slate Office REIT closes US$156M purchase of Chicago building

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Slate Office REIT closes US$156M purchase of Chicago building

Canada's Slate Office REIT closed its US$155.5 million purchase of the 656,080-square-foot 120 South LaSalle office building in downtown Chicago.

The 23-story property is anchored by CIBC, which occupies 45% of the gross leasable area for its U.S. corporate headquarters.