SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
/X/ Current Report Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
October 14, 1997
(Date of Report)
Commission file number: 0-28354
Great Lakes REIT, Inc.
(Exact name of Registrant as specified in its Charter)
Maryland 36-3844714
(State or other jurisdiction (I.R.S. Employer identification no.)
of incorporation organization)
823 Commerce Drive, Suite 300, Oak Brook, IL 60523
(Address of principal executive offices) (Zip Code)
(630) 368 - 2900
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
ACQUISITIONS
On September 30, 1997, Great Lakes REIT, Inc. (the "Company") purchased Metro
Center IV and V located at 425 Metro Place North and 655 Metro Place South in
Dublin, Ohio, a suburb of Columbus. The buildings comprise a total of 319,679
rentable square feet. Metro IV is a six-story office building with a
reflective glass curtain wall. Metro V is a Class-A building with a glass
enclosed marble atrium lobby which rises seven stories to connect nine and
seven-story towers. Metro V also contains a prestigious 27,000 square foot
executive health club facility. The properties are currently 91% occupied.
TERMS OF PURCHASE
Metro IV and V were purchased from an unaffiliated third party for $26,575,000.
Funds for the purchase came from a borrowing under the Company's existing
secured line of credit with the First National Bank of Boston (as agent).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
As of the date of this 8-K, the financial statements and proforma financial
information related to this property are not available but will be filed by
the Company on Form 8-K not later than December 14, 1997.
No information is required under Items 1, 3, 4, 5, 6, 8, and 9 and
these items have therefore been omitted.
By: /s/ Richard L. Rasley
Richard L. Rasley, Secretary
