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

                                January 3, 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 60521
               (Address of principal executive offices) (Zip Code)

                                (630) 368 - 2900
              (Registrant's telephone number, including area code)

               2311 West 22nd St., Suite 109, Oak Brook, IL 60521
              (Former address of principal executive offices) (Zip 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









ITEM 2.           ACQUISITION OR DISPOSITION OF ASSETS

ACQUISITIONS

On December 27, 1997, Great Lakes REIT, Inc. (the "Company")  acquired a 270,000
square  foot  twelve-story,  class A office  building  located at 1900 East Golf
Road, Schaumburg, Illnois ("Centennial Center"). Originally constructed in 1980,
Centennial  Center  affords not only a  distinctive  Skidmore,  Owings & Merrill
setback design, but also a Z-shaped service core which give maximum  flexibility
in space  planning.  Centennial  Center is situated on East Golf Road,  directly
across the street from the 2.7 million  square foot  Woodfield  Mall, one of the
country's  premier super regional malls. The property  features a two-story main
lobby with imported  Italian  marble walls and terrazzo  flooring.  The building
contains 259,730 rentable square feet and is currently 96% leased.


TERMS OF PURCHASE

Centennial   Center  was  purchased  from  an   unaffiliated   third  party  for
approximately  $24 million.  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 March 12, 1997.


         No information  is required  under Items 1,3,4, and 6, and these items
have therefore been omitted.



By:    /s/ Richard L. Rasley
Richard L. Rasley, Secretary