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Groupon’s 1.6M SF former headquarters building along the Chicago River has sold to 3Edgewood, the largest downtown office sale by square footage to close in almost three years.

3Edgewood paid $88.7M for the 600 W. Chicago Ave. property, a source with the company confirmed to Bisnow. That marks a steep decline from the $510M former owner Sterling Bay paid for the property in 2018. Eastdil Secured, the adviser on the transaction, confirmed the buyer to Bisnow.