Morris Manning Aids Cole's $97.5M Buy Of Hillshire HQ

Law360, New York (May 22, 2013, 1:51 PM EDT) -- Cole Real Estate Investments announced Tuesday that it has picked up the Chicago headquarters of The Hillshire Brands Co. from Sterling Bay Cos. for $97.5 million — a hefty return for Sterling Bay, which bought the property last year for $10 million, according to land records.

The deal was made on behalf of Cole Corporate Income Trust Inc. and gives it a Class A property located in Chicago's prized West Loop central business district, that is held down by a long-term lease with Sara Lee Corp.'s...
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