Transactions: German pension fund makes big buy

A Germany-based pension fund, through LaSalle Investment Management, recently acquired the Blackhawk on Halsted mixed-use retail and medical development in the Lincoln Park neighborhood of Chicago for $130 million. Photo courtesy of Structured Development LLC

A Germany-based pension fund, through LaSalle Investment Management, recently acquired the Blackhawk on Halsted mixed-use retail and medical development in the Lincoln Park neighborhood of Chicago for $130 million. Photo courtesy of Structured Development LLC

Blackhawk on Halsted, with 93,000 square feet of medical, sells for $130 million

By John B. Mugford

As demand for medical properties has soared in recent years, foreign investors have joined the fray of those interested in and making strong bids on the product type.

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