Strategic Office Fund II managed by American Real Estate Partners agreed to acquire 1600 Market Street from Equity Commonwealth (NYSE:EQC) for $160 million in December, 2017. In a related transaction, an unknown buyer acquired 600 West Chicago Avenue in Chicago, Illinois from EQC Operating Trust for $510 million. The transaction is subject to customary closing conditions. The transaction is expected to close on February 28, 2018. Doug Rodio and Brett Segal of HFF arranged the sale while Ryan Ade and Cary Abod of HFF oversaw the debt financing.