American Realty Advisors has invested $257m (鈧�230.5m) in a Chicago office scheme.
It acquired 1K Fulton in the city鈥檚 River West Fulton Marketplace area.
The 531,190 sqft asset is 97% let to tenants including Google.
Martha Shelley, American鈥檚 senior portfolio manager, said the company was attracted to the asset because of its long-term leases.
The area, she said, had attracted a diverse base of tenants, including technology companies.
鈥淲e expect it will continue to be attractive to future tenants and generate stable returns for our investors,鈥� Shelley said.
McDonald鈥檚 is moving its corporate headquarters to the area, as Chicago enjoys the attention of both investors and occupiers.
The city鈥檚 third-largest office tower, the Aon Center, was traded for $712m.
