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Suburban Core for Sale

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Suburban Core for Sale
Suburban Core for Sale
With plenty of capital seeking quality core assets, JLL managing director Jim Postweiler (here with associate Nooshin Felsenthal, part of his team with Bruce Miller and Jascint Vukelich) expects attractive pricing on the stabilized 1.2M SF, Class-A suburban office portfolio the team brought to market this week. Jim says there’s no asking price for Deerfield's Corporate 500 Centre and One Parkway North and Rosemont's Pointe O’Hare, all once owned by EOP. (Jim declined to mention the seller.) But Crain’s reported that the current owner is a unit of GE seeking to sell an equity interest of at least 49%, valuing the portfolio at $280M
Related Topics: Bruce Miller, Jim Postweiler