State: Illinois - IL

Jamp Hotels has paid $30.5 million, or $127,615/room, for the 239-room La Quinta Inn & Suites hotel in Chicago. The local hospitality investor acquired the property, at 1 South Franklin St., from Highgate and Cerberus Capital Management.

SRG Living Inc. has paid $28.6 million, or $80,790/unit, for the 354-unit Riverwood Apartments in Lansing, Ill., about 27 miles south of Chicago. The Lakewood, N.J., investor acquired the property, at 3649 173rd Court, from an investor group led by ...

Prime Finance is under contract to pay about $120 million, or $180.39/sf, for the 650,812-square-foot office building at 225 West Wacker Drive in Chicago. The San Francisco alternative lender is acquiring the property from Spear Street Capital, which bought it ...

Citadel Center was built in 2003 and was 56% leased when it came to the sales market late last year. Kohan is focused on leasing the property's available space and is already in talks with multiple interested tenants.

The building opened last year and has 36-foot clear heights, two drive-in doors, and 54 dock positions. It is fully occupied by Accelerated Global Solutions, which agreed to lease space last August.

Realty Income has paid $176.5 million, or $260.32/sf, for two industrial properties totaling 678,000 square feet at 3101 Protection Parkway and 2501 Sanders Road in Glenview, Ill. The San Diego REIT acquired the buildings from Dermody Properties of Reno, Nev., ...