Descripción

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in Willowbrook Centre at I-55 (the “Portfolio” or the “Offering”), a 100%-leased, two-building shallow-bay portfolio totaling 75,625 RSF*. Willowbrook Centre at I-55 offers investors durable cash flow from a diverse tenant mix with exposure to various industries and a staggered lease expiration schedule. The Offering benefits from an irreplaceable infill location with direct access to I-55 and presents a compelling mark-to-market opportunity, all at a significant discount to replacement cost.

Strategically positioned just off I-55, surrounded by some of Chicago’s most affluent western suburbs; Willowbrook Centre at I-55 presents the ideal real estate solution for a diverse set of industries including local healthcare suppliers, retail and consumer products, business services & technology, and government, among others. Backed by an extensive in-place operating tenure over 14-years with micro-market vacancy at just 1.1%, the Portfolio presents a unique opportunity to acquire functional shallow-bay / flex industrial product at a significant discount to replacement cost in a highly sought after Chicago submarket within tax-advantaged DuPage County.

*Total Portfolio building square footage is 76,845. 600 Joliet has 1,220 SF of common area space underwritten as static vacant.

...