Howard O'Hare Commerce Center

Jones Lang LaSalle (“JLL”) has been retained as the exclusive advisor to market for sale the fee simple interest in Howard O’Hare Commerce Center, a 140,134 square foot, high image light industrial center located just north of the O’Hare International Airport. The Property is strategically configured for maximum flexibility within its multi-tenant format, providing owners the ability to compete for a variety of user requirements. Positioned in the institutionally sought after O’Hare industrial submarket, the Property is 85% leased to 30 tenants, with 2.8 years of weighted average lease term remaining. In addition to the rent roll’s in-place growing cash flow, the Property offers a staggered rollover schedule and below-market rents, offering consistent mark-to-market opportunities throughout a hold period.

Howard O’Hare Commerce Center offers investors a growing in-place cash flow that backstops signfiicant yield enhancement opportunities through successful leasing, within a functional asset located in Chicago’s premier submarket. Howard O’Hare Commerce Center is located in a business park setting with direct access to I-90 and the O’Hare International Airport, providing users with outstanding access to Chicago’s transportation infrastructure and the MSA’s deep labor pools. The Property is extremely well positioned in the supply constrained, amenity rich O’Hare industrial submarket. When considering competitive product to the Subject Property (i.e. <30’ clear, <150,000 SF, <2000 year built), the submarket boasts a 2.8% vacancy rate with zero product under construction. These fundamentals indicate continued high occupancy in the Property and surrounding area, along with runway for rent growth.