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

Continue reading this story with a free account

Log in or register
Related Topics: Bruce Miller , Jim Postweiler
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient