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Veteran Advisor

CME Group sells CBOT buildings

CME Group announced Monday that it has sold the three buildings that made up the Chicago Board of Trade. The buyer is a joint venture group involving GlenStar Properties LLC and USAA Real Estate Company.

 

The release states:

 

"The consortium will buy the 1.3 million square foot north and south towers of the CBOT building for approximately $151.5 million. As part of the sale, CME Group will lease back the 150,000 square-feet of space it currently occupies in both buildings for a 15-year term, including the Agricultural Trading Floor as well as office and trading floor support space.

The company will continue to own the 288,000-square-foot east building, the address of which will be changed to 333 South LaSalle Street. The east building has no third party tenant space and is primarily comprised of the larger of the two active trading floors which houses the CME Group financial products."

 

Mike

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