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Pacific Reach Properties to buy luxury apartment building

Pacific Reach Properties has acquired a luxury apartment building in Chicago, REBusinessOnline reported. Financial terms of the transaction were not announced. The seller is a joint venture between privately owned investment manager LaSalle Investment Management Inc. and Moceri + Roszak LLC. The property is a 33 storey luxury building with 5,000 square foot of ground-floor retail space and other amenities. Canada-based Pacific Reach Properties is a real estate investment firm. HFF marketed the property on behalf of the seller.


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