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Suburban Office Properties Finding Buyers

An improving market means more developments will probably trade hands in 2018.

chi-400Skokie (3 400 Skokie Blvd. was recently given a makeover, and has the kind of amenities that tenants say they need to attract and retain employees.

CHICAGO—As reported in GlobeSt.com, the suburban market office saw absorption and rental rates tick upward in 2017, especially among class A properties, and investors seem more eager to buy up available buildings, including value-add opportunities.

Ameritus Real Estate Investment was just the latest firm to secure a deal. The Chicago-based group paid Syndicated Equities $20,950,000 to acquire 400 Skokie Blvd. in Northbrook, IL.  A middle market investment advisory team from Podolsky Circle CORFAC International, comprised of Alissa Adler, managing principal, John Homsher, principal, and Paul Tesdal, senior vice president, represented the seller.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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