589 11th Avenue
US - New York, NY
$9,850,000 | 15,750 sf
Jones Lang LaSalle (Illinois), L.P. (“JLL”) has been exclusively retained to arrange the sale of 750 North Commons (the “Property” or the “Offering” or “750 N Commons”), a 96% occupied flex building featuring 10.2 years of remaining weighted average lease term (“WALT”) located within the highly sought after I-88 industrial corridor of Chicago. Prominently situated at the nexus of I-88 and Route 59, the Property consists of 205,068 RSF comprised of approximately 49% industrial and 51% office utilization.
The three tenant institutional quality rent roll features 100% publicly traded corporations backed by nearly 80% investment grade credit by yearly revenue. 750 N Commons provides investors a rare mix of credit and term on the office space paired with upside via combination of near term roll and below market rent on the industrial space, all within the low tax environment of AAA rated DuPage County.