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549 W. Randolph is a 123,835-square-foot vintage, timber loft building located in Chicago’s thriving neighborhood, West Loop. In September 2019 HRP partnered with MB Real Estate and Origin Investments to acquire the office building.
Roberto Perez, CEO of HRP said, “This is a terrific property to add to our portfolio in one of the most exciting growth areas within the Chicago market right now. We are thrilled to continue our investment partnership with the MB Real Estate team having recently completed the successful sale of the One North Lasalle property last year.”
Constructed in 1909, the historical property recently underwent renovations including a new lobby and building amenities, such as a modern tenant lounge and meditation room.
Roberto Perez Chief Executive Officer
549 W Randolph News
MB Real Estate, Hilco, Origin JV Buy West Loop Office Building
The nearly 124,000-square-foot office building at 549 W. Randolph St. has been acquired by a joint venture that includes MB Real Estate executives Kevin Purcell and Peter Westmeyer, Hilco Redevelopment Partners and Origin Investments.