CHICAGO—Chicago-based Golub & Company, aninvestment and development firm, has just acquired Oak BrookExecutive Plaza, a 389,000-square-foot office complex on W. 22ndSt. in west suburban Oak Brook, in a partnership withAlcion Ventures. The complex was originally builtin phases between 1968 and 1980, but Golub and Alcion plan toreposition it as high quality offices for corporate and creativefirms.
“We see an excellent opportunity to redevelop Oak BrookExecutive Plaza into a top-tier office property through significantcapital investment to modernize interiors, exteriors and addamenities expected by today's top tenants,“ says MichaelNewman, chief executive officer of Golub.
The project is just one of many that Golub and a select group ofpartners have launched in the metro area. As reported inGlobeSt.com, Golub and Wood Partners have begunbuilding a massive mixed-use project that will changethe skyline of suburban Oak Park. In addition, Golub andBoston-based GID just broke ground on a 45-story mixed-use apartmentbuilding in downtown Chicago.
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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.
