$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”), as exclusive advisor, presents the opportunity to acquire the fee simple interest in 150 Pierce, (the “Property” or “Opportunity”), a 184,549 rentable square foot ("RSF") office building located within the idyllic Hamilton Lakes Business Park in Itasca. Developed in 2002 by Hamilton Partners with multiple floor configurations allowing the building to accommodate users as small as 1,700 RSF, the 6-story Property is 92% leased to a tenant roster of innovative brands and is anchored by three headquarter tenants, including the corporate headquarters of Jewel Food Stores, Inc, KSA Lighting, and SureStaff. 150 Pierce not only features irreplaceable in-building amenities, including a 2nd floor spec suite program, but also has neighboring access to Hamilton Lake Business Park’s many offerings. Located in tax-friendly DuPage County and adjacent to Interstate 290 and 390 Tollway Interchange, 150 Pierce provides an investor the opportunity to acquire a stabilized, cash flowing asset with headquarter tenancy and irreplaceable connectivity to the Chicago area highways and O'Hare International Airport.