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American Landmark Trades Offices in Western Suburbs

JLL Capital Markets closed the $24.18-million sale of Two TransAm in Oakbrook Terrace and 750 Warrenville in Lisle, two Class A office assets totaling 212,139 square feet in Chicago’s western suburbs. The firm represented the seller, American Landmark Properties Corporation, and procured the buyer, RE Development Solutions.

The JLL team representing American Landmark included Patrick Shields, Jaime Fink, Jeffrey Bramson, Bruce Miller and Sam DiFrancesca.

“This was a fantastic opportunity to capture strong current cash flow, while continuing to add value through lease-up and marking in-place rents to market,” Shields said.

The submarket is an established corporate location with immediate access to two interstates, the Yorktown-Oak Brook retail corridor, and the executive housing stock in Oak Brook, Hinsdale, Burr Ridge and Naperville.

Two TransAm offers 117,759 square feet of space that’s 87.7% leased to 18 tenants. Nine tenants reside at the 86.7%-leased, four-story, 94,380-square-foot 750 Warrenville property.

Pictured: 750 Warrenville in Lisle. Photo credit: McShane.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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