Investment Management has bought a Chicago property asset for the Bayerische 脛rzteversorgung (B脛V) in Germany.
The investment manager bought the Blackhawk mixed used property for the Bavarian doctors鈥� pension fund, one of 12 schemes under the BVK umbrella scheme.
Structured Development sold the 225,000 sqft asset, located in Halsted.
David Schreiber, managing director of acquisitions at LaSalle, said: 鈥淏lackhawk is a prototypical urban, mixed-use asset that offers the type of characteristics we鈥檙e targeting for many of our clients.鈥�
The complex is 98% leased to office and retail tenants, as well as the British International School of Chicago.
Schreiber said the property had attracted a 鈥渟trong complementary mix of healthcare, education and retail users that are a perfect fit for the demographics driving growth鈥�.
He also cited the asset鈥檚 added appeal of accommodating industries that tend to demonstrate high retention and low volatility through all market cycles.
