SCHILLER PARK, IL-“Stuck in the 1970s,” is how Ryan Stoller with KTR Capital Partners describes the company’s 16-building O’Hare Business Park portfolio. The 800,000-square-foot, which was opened in that era, has benefited regardless from its location at the intersection of Mannheim and Irving Park roads, across from Chicago’s O’Hare International Airport.

Even though the flex park is about 98% leased to tenants such as Gate Gourmet and Flying Foods, Stoller tells that KTR saw that modernization is needed. He said when KTR bought the portfolio three years ago for almost $38 million from Podolsky-Northstar, the property “was functional, but Class B product. It was tired looking with a bunch of mixed facades,” Stoller says.

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