The portfolio includes "assets [that] generally are pretty highquality," says James Postweiler, Jones Lang LaSalle managingdirector for capital markets. While Postweiler is not personallyinvolved with the sale, he is well versed with the portfolio. Theproperties are "great buildings in good locations with good access,good visibility and efficient floor plans."

Suburban properties in the portfolio include "several verysignificant, highly attractive buildings" such as Oakbrook TerraceTower, he says. Other suburban properties in the portfolio areCorporate 500 Centre and 500 Lake Cook Rd. in Deerfield; thethree-building Commerce Plaza and 2001-2021 Spring Rd. in OakBrook; Lincoln Center at 18W140 Butterfield Rd. in OakbrookTerrace; 1011 Butterfield Rd. in Vernon Hills; the five-buildingWestbrook Corporate Center in Westchester; and Parkway North Centerin Deerfield.

Some of the Chicago buildings in the portfolio include theMercantile Exchange at 10 and 30 S. Wacker Dr., 161 N. Clark St.,and 1 N. Franklin St., according to Postweiler. The Civic Operabuilding, 20 N. Wacker Dr., is also being sold as part of theportfolio, as previously reported by GlobeSt.com. Holliday FenoglioFowler is the broker for the sale. Representatives from HollidayFenoglio Fowler did not return a phone call seeking comment.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.