KeyBank Data Center Sale-Leaseback
US - Solon, OH
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) has been exclusively retained to offer the investment opportunity to acquire the fee-simple interest of 1854 Besly Court (the “Property”). 1854 Besly Court offers qualified investors the opportunity to acquire the most coveted billboard in Chicago and the greater Midwest, in addition to ±120,000 SF of existing real estate across 1.77 acres, providing a rare redevelopment opportunity with peak visibility along I-94, adjacent to the transformative Lincoln Yards Mega Development.
The primary billboard at 1854 Besly features state-of-the art color digital LED matrix panels with exposure to 315,000 VPD along I-94, and a direct line of sight from the northwest for over two miles down to Belmont Ave., unmatched by any other billboard along the highway. The billboard stands at ±80 feet tall, with each side’s LED panel providing 3,800 SF of advertising space. The billboard is tenanted by investment-grade ‘A3’ Old National (north face) and the private owner of the Illinois Lottery, Camelot Illinois LLC (south face), two billion-dollar companies securing long-term billboard leases with attractive rent increases, providing a durable in-place cash flow at the Property.
1854 Besly Court offers a generational investment opportunity that combines trophy underlying real estate adjacent to Chicago’s defining development, with significant in-place cash flow from large corporate tenants on the premier billboard in the Midwest.