The Beckman family, makers of Jose Cuervo tequila, is expected to purchase a 310,540 square foot building at 303 W. Madison St. for approximately $60 million. The sale would be the first significant sale of a downtown office building this year and possibly the first time a Mexican investor has made a sizable real estate investment in the Chicago area.
The deal is scheduled to close Wednesday. The Beckman family paid upwards of over $2 million more for the building than sources had previously estimated.
Now we just need the Beckmans to rent space to some of the high-end Tex-Mex chefs in Chicago and we?ll have many Mexican delights under one roof. Bueno!Email This Post To a Friend.