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The acquisition expands POAH's footprint in Chicago into three new communities plus the suburb of Harvey and brings to nearly 1,500 the number of apartments the nonprofit has developed or purchased here since 2008.
The Greenleaf Center Portfolio consists of 13 medical office buildings clustered around a high traffic intersection within the Chicago metropolitan area. The buildings total 197,385 rentable square feet and were 93% leased at the time of sale.
Vial has an outstanding track record in FHA/HUD loan underwriting and proven ability to identify the right government financing product for any given project, says Draper and Kramer's president and CEO, Todd Bancroft .
Core Acquisitions sees Ten Parkway North as a classic value-add opportunity: the building hasn't been updated in nearly 20 years, and it can be renovated and repositioned as a competitive alternative in the class A North Suburban marketplace, says Core's Bradley Joseph.
Windsor Commons at the time of purchase was 98.2% leased. Its tenant roster also includes Starbucks, Massage Green Spa, Great Expressions Dental, Peterbrooke Chocolatier, Tropical Smoothie Café and Hair Cuttery.
Gamboa is responsible for managing all facets of the project management business for Chicago and Milwaukee across all sectors, including corporate offices, industrial, investment and move management.
Company officials say the CH2 data center is designed to leverage an interconnected campus environment with plans to deliver connection via redundant high-count dark fiber to CoreSite's CH1 data center, the company's key interconnection hub in Chicago.