Hilco Global and Senior Executives of MB Real Estate Announce Acquisition of Landmark Building

A joint venture of Hilco Real Estate (HRE), a unit of Hilco Global, and two senior executives of MB Real Estate Services, Inc. (MBRE) announced today that they have acquired historic landmark tower One North LaSalle located in Chicago’s Central Loop. The 47-story property will be undergoing an extensive redevelopment effort to introduce a variety of high-end tenant amenities. A multi-million-dollar capital budget is being put forth by the new ownership group comprised of Hilco Real Estate LLC and the independent investors from MBRE – Peter Westmeyer and Kevin Purcell. MBRE has been contracted to provide ongoing management, leasing, and construction oversight services for the property.