Photo: Gautam Krishnan / Unsplash. Chicago riverfront context; not either of the two office buildings in this transaction. Chicago's office reset just came full circle. Local investor R2 and partner Cubed Real Estate bought 224 North Des Plaines in Fulton Market and 900 North Franklin in River North for $12 million, according to The Real Deal. R2 executives confirmed the price, and the sale closed in September. R2 knows these buildings well. It sold them in 2016. The history reads…
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It Sold Two Chicago Buildings for $38 Million. A Decade Later It Bought Them Back for $12 Million.
R2 and Cubed Real Estate bought two Chicago office buildings for $12 million after R2 sold them for $38 million in 2016, underscoring distressed office pricing.
