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Key Points
Namdar Realty Group and Mason Asset Management are two Long Island investment firms known for acquiring distressed shopping malls, and are now active in Chicago's troubled office sector.
They have reached a preliminary agreement to purchase the 40-story tower at 190 South LaSalle Street, marking their third major office acquisition in downtown Chicago in less than a year.
The previous buyer, Real Capital Solutions, walked away from a deal for the property earlier this year, and the tower has significant vacancy and will lose key tenants.