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Chicago & Midwest  + Midwest  + Office  | 

Sentinel Net Lease Sells 268K-SF Chase Operations Center in MO

Sentinel Net Lease has completed the disposition of a 268,413-square-foot office building and Chase Operations Center located in Springfield, Missouri. The transaction was brokered by Ross B. Murray, SIOR, CCIM, and President of R.B. Murray Company.

The property was sold to a local healthcare operator. “This transaction highlights the strength of our investment strategy and enduring appeal of prime commercial real estate,” said Fred Lewis, Chief Executive Officer for Sentinel Net Lease.

Sentinel is also expected to launch the Sentinel Opportunity Fund later this month. The fund will have an initial target of $100 million and will focus on acquiring suburban office, retail, and industrial properties secured by long-term leases.

Dennis Cisterna, Sentinel’s Chief Investment Officer, added “The current high-interest rate environment is allowing us to acquire stabilized cash-flow assets secured by long-term leases to high-quality tenants at historically attractive pricing.”

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.

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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.