
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.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition