Description de l'actif
Jones Lang LaSalle (Illinois), L.P. ("JLL") has been exclusively retained on an exclusive basis to arrange the sale of 300 W Adams (the "Property"), a rare boutique 12-story vintage creative office building situated just steps from mass transit amongst the glass and steel towers of Chicago's preeminent Class A CBD sub-market, the West Loop. Positioned directly across the street from the transformative $670 Million Willis Tower redevelopment and in proximity to over $2.2 Billion of total ongoing developments within a tree-block radius, the Property provides an investor the opportunity to uniquely benefit from a rapidly improving location. At 66.5% occupancy with 4.2 years of remaining of weighted average lease ter, ("WALT"), the Property provides an investor the opportunity to increase NOI through the lease up of approximately 85,000 RSF.
Caractéristiques de l'actif
Média
Points clés d'investissement
- Transit Oriented, Amenity-Rich Location
- Located Adjacent to the $670 Million Willis Tower Redevelopment
- Checks All Boxes For An Executable Value-Add Opportunity
- Rising Demand For Unique Product
- Implementation Of An Updated Amenity Program Unlocks A Lucrative Mark-To-Market Opprotunity
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