"This unique mission-critical facility not only offers stable income over the next three years, it also offers potential investors an exceptional infill redevelopment opportunity," says JLL managing director Jim Postweiler. "Its proximity to O'Hare airport, the world's second busiest passenger airport, makes it an ideal fit for an international-minded investor, as well as those interested in a wide variety of redevelopment scenarios from data center, industrial, office, medical or even educational opportunities."
The campus includes four office buildings and an underground data center. Amenities include a pond, walking trails, tennis courts, a pool and recently renovated cafeteria. Additionally, there are 12 acres of land in the western part of the property that are primed for development.
United Airlines plans to lease the space back for at least three years while the company transitions to new facilities, according to JLL. However, United will not occupy the entire facility. The company will take the entire data center as well as one of the office buildings. Potential lease rates on the deal were not disclosed.
JLL's Postweiler will work with colleagues David Matthews, Dan McGillicuddy and John Roberson on the deal.
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