CME Group sold two of the three buildings that make up the Chicago Board of Trade building complex to a joint venture of GlenStar Properties and USAA Real Estate for $151.5 million, confirmed Heather Filkins, spokeswoman for Jones Lang LaSalle Capital Markets, which helped to market the buildings.
The joint venture is buying the north and south towers of the complex, for a total of 1.3 million square feet. As part of the deal, CME Group will lease back the space it now occupies in the two towers for 15 years.
CME Group will continue to own the third building, which contains its largest trading floor.
The sale will “allow CME Group to continue to focus on what we do best — running our exchanges and providing risk management tools to the world,” said CME Group CFO Jamie Parisi in a statement.
Michael Shore, executive director, communications for CME Group, had no other comment.