8/4/2010

The office tower at 300 North LaSalle St. in Chicago has traded for a record price of $655 million, or about $500 per square foot. KBS purchased the 1.3-million-square-foot property, paying the most ever for a Chicago office building on a per-square-foot basis. Analysts credit its high occupancy rate and investment-grade tenants as the main reasons for the stunning price.

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