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JLL Arranges Sale and Financing of Westmont Offices
JLL Capital Markets arranged the $21.7-million acquisition of Oakmont Point, a 92,553-square-foot, Class A office building in the western Chicago suburb of Westmont, IL. A JLL team of Sam DiFrancesca, Patrick Shields, Jaime Fink, Jeffrey Bramson and Bruce Miller represented the seller, Ryan Companies.
The buyer was Sidra Capital, which previously owned the property in a joint venture with Ryan. Additionally, JLL secured a 10-year, fixed-rate loan with a multinational investment bank.
“We are delighted by our latest acquisition, which matched our investment criteria for long income generating assets besides offering excellent upside opportunity through an aggressive asset management strategy,” said Hani Baothman, chairman of Sidra Capital,
JLL’s Capital Markets team leading the financing included Lucas Borges, r Claudio Sgobba and Christopher Carroll.
Completed in 2019, Oakmont Point is a three-story building offering tenants a wide variety of amenities. The property is 91.2% leased to JLL and Ryan Companies.
- ◦Sale/Acquisition
- ◦Financing
