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Thursday, March 28, 2024

CME Group Announces Sale of Chicago Board of Trade Building for $151.5M

Courtesy of Benzinga.

CME Group (NYSE: CME) today announced the sale of two of the three buildings that comprise the Chicago Board of Trade (CBOT) Building Complex located at 141 W. Jackson to a joint venture between GlenStar Properties LLC and USAA Real Estate Company.

The consortium will buy the 1.3 million square foot north and south towers of the CBOT building for approximately $151.5 million. As part of the sale, CME Group will lease back the 150,000 square-feet of space it currently occupies in both buildings for a 15-year term, including the Agricultural Trading Floor as well as office and trading floor support space.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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