Crain’s Chicago Business: River North office building sells for $8.2 million

 River North office building sells for $8.2 million

A group led by Chicago trader and investor Michael Palumbo paid $8.2 million for a fully leased loft office building in River North, betting the neighborhood’s office boom will continue.

Ceres Acquisitions, a company led by Palumbo, teamed up with Chicago-based Elmdale Partners in the purchase of 435 N. LaSalle St. a 50,000-square-foot brick office building built in 1906.

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http://www.chicagobusiness.com/realestate/20150319/CRED03/150319720/river-north-office-building-sells-for-8-2-million

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