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Commerz Real buys Chicago office complex for $168M

Commerz Real AG paid $167.5 million to acquire the approximately 27,000-square-meter 1330 West Fulton office complex in Chicago.

The German real estate investor bought the 100% leased property for its open-ended Hausinvest real estate fund from JP Morgan Asset Management and Sterling Bay. The building counts technology company Dyson and Glassdoor among its main tenants.

Dechert, Arcadis and HQ Capital were Commerz Real's advisers on the deal.