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Bridge Investment Adds Rosemont Office Complex

Blackstone’s O’Hare International Center I and II, a 517,640-square-foot, transit-oriented office complex adjacent to Chicago’s O’Hare International Airport in Rosemont, IL, has traded to Bridge Investment Group LLC. Terms were not disclosed; published reports put the sales price at $64 million.

An HFF team of Bryan Rosenberg, Patrick Shields, Jaime Fink, Jeff Bramson and Mark Katz marketed the property on behalf of the seller, and procured the buyer.

Comprised of two nine-story buildings, O’Hare International Center was part of a portfolio that Blackstone acquired from Duke Realty in 2011. The complex is 83% leased overall, and also includes a 1.9-acre development parcel zoned for commercial or residential use.

Along with its adjacency to the airport, the property also is convenient to both mass transit and Interstates 90 and 254. The location also benefits from an extensive amenity base, including numerous retail, hotels, daycare, multifamily and entertainment options.

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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).

  • ◦Sale/Acquisition