Toronto-based Slate Office Real Estate Investment Trust (TSX: SOT.UN) has made its first move into the U.S. office market with a deal in place to buy a 31-story building in Chicago for $85.6 million.
Slate, which has marketed itself as a "pure-play Canadian office REIT" with 38 assets totaling 6.1 million square feet, is buying 20 S. Clark St. in downtown Chicago, at a price of $225 per square foot, from Miami-based Exan Capital and Spanish investor...
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