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Chicago & Midwest  + Greater Chicagoland  + Illinois  + Office  | 

Newmark’s Midwest Capital Markets Secures $45M in Office Sales

Newmark’s Midwest Capital Markets team has completed $45.15 million in office sales within a 17-day period in November. The closings were all facilitated on behalf of the sellers, and comprised of four distinct transactions across three assets.

Newmark Executive Managing Director Jim Postweiler, Senior Managing Directors Peter Harwood and Derek Fohl and Associate Director Jack Trager worked on all sale transactions.

With the $25.9 million sale of Woodlake Corporate Park in Lombard, Illinois, Newmark completed a five-building portfolio sale on behalf of the seller, Brennan Investment Group, trading the assets to Avalair Group, followed by a two-building portfolio sale, trading the remaining office assets to Woodside Capital Partners.  

Additionally, the $19.25 million combined sale price of 2300 Cabot Drive and One & Two Riverwood Place included trading the Cabot Drive asset from Bridge Investment Group to Urban Commercial Property Group, and with Riverwood Place trading hands from The Broe Group to Woodside Capital Partners. 

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      About Jasmine Kilman

      Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.