Our Pledge To You

News

Chicago’s Aon Center sold for $712 million

The Aon Center has been sold for $712 million to a New York real estate company.

Aon Center owner Piedmont Office Realty Trust said Tuesday it expects to complete the sale later this year to The 601W Cos.

The 83-story building at 200 E. Randolph is about 86 percent leased. Last week, Kraft Heinz Co. announced it will move its Kraft headquarters from Northfield to five floors in the well-known building.

“The successful sale of Aon Center will be the culmination of Piedmont’s long-term strategy of transforming the asset into one of Chicago’s most prestigious office towers,” Piedmont president and CEO Donald A. Miller said in a statement. “We have been fortunate to attract a number of distinguished tenants.”

The 601W Cos., a private real estate investment company, owns several other Chicago properties, including Prudential Plaza.

Piedmont bought the Aon Center for $462.5 million in 2003, according to Chicago Real Estate Daily.