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LINCOLNSHIRE, IL-Retail Properties of America Inc. of Oak Brook, IL continues its march toward disposing of $450 million to $550 million assets by year-end with its most recent sale of the 818,686-square-foot Aon Hewitt campus. The REIT sold the property for $148 million to an undisclosed buyer, and will use the proceeds to pay down $117 million worth of mortgage dept and accrued interest that encumbered the campus.

According to SEC filings from earlier this year, RPAI was successful in renewing and extending Aon Hewett’s lease for the property at 100 Half Day Rd. Following the sale of the Aon Hewitt Property, RPAI continues to own the remaining 343,000 square foot Aon Hewitt East Campus, which is currently 100% leased to Aon Hewitt.

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