Vornado Completes $228M Trade of Chicago Property

Merchandise Mart Properties Inc., a subsidiary of Vornado Realty Trust (NYSE: VNO), completed its sale of the Shops at the Mart building park for $ 228 million, or about $ 188 per square foot. Shorenstein Properties LLC made the purchase on behalf of its $ 1.23 billion Shorenstein Realty Investors Ten LP fund.

“This is a well located asset with a floor plate and infrastructure that appeals to technology, creative use and financial tenants choosing…
National Commercial Real Estate News From CoStar Group