CME Group sells CBOT buildings for $151.5 million

Associated Press Modified: April 23, 2012 at 6:00 pm •  Published: April 23, 2012
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CHICAGO (AP) — CME Group Inc., which operates the Chicago Mercantile Exchange and other markets, said Monday it had sold two of three buildings that comprise the Chicago Board of Trade complex for $151.5 million.

The buyer is a joint venture between GlenStar Properties LLC and USAA Real Estate Co. The group will buy the 1.3 million square foot north and south towers of the CBOT building complex.

CME Group will lease back 150,000 square feet of space for 15 years. It will continue to own the 288,000-square-foot east building.

CME Group shares fell $1.15 to close at $271.90 in the regular session Monday before the sale was announced.