U.S. MB Real Estate Services to pay $36 mln for West Loop office building

U.S.-based commercial real estate services provider MB Real Estate Services is acquiring an office building in West Loop, Chicago, Illinois.

MB Real Estate Services' venture is nearing an agreement with a venture of Ameritus Real Estate Investment Management and Alcion Ventures to pay $36 million, or about $290 per square foot for the office building.

If completed, the move would secure profit for the venture of Ameritus Real Estate Investment Management and Alcion Ventures, which in 2015 acquired the building for $19.4 million from Ogilvie Transportation Center.

The owners of the seven-story loft office building at 549 W. Randolph St. invested $4.6 million in refurbishments to the lobby and the addition of a tenant lounge and conference room.