Toronto-based Slate Office Real Estate Investment Trust is buying Canadian Imperial Bank of Commerce's U.S. headquarters in Chicago, its second building in the Midwest city as the founding partners of the real estate investment trust's largest shareholder seek property that's less expensive than in its home city in Canada.
The REIT said it agreed to buy 120 S. LaSalle St. and the adjacent parking garage in downtown Chicago for US$155.5 million...
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