Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Chicago & Midwest  + Greater Chicagoland  + Office  | 

Rubenstein, GlenStar JV on Continental Towers Complex

Locally-based GlenStar and Philadelphia-based Rubenstein Partners have formed a joint venture on Continental Towers in Rolling Meadows, IL. The JV, CT Acquisitions LLC, paid $121.5 million for the 910,976-square-foot office complex.

GlenStar initially acquired the property in 2013, and has spent about $30 million on capital upgrades. The new JV sets aside $20 million for additional renovations.

“The Continental Towers property represents everything we typically look for in an investment,” said Rubenstein’s Brandon Huffman. “We believe strongly that the combination of the property’s exceptional location in suburban Northwest Chicago, and our planned significant capital improvements, will make this an attractive choice to office users.”

The JV envisions a complete overhaul of the complex’s two-acre plaza deck, along with lobbies, café and amenity space. “Having such a large outdoor space – a two-acre blank canvas – will allow us to do something very unique and special at Continental Towers,” said GlenStar’s Michael Klein.

Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Connect With GlenStar's KleinConnect With Rubenstein's Huffman

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).