Representative Properties
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55 East Monroe — Chicago, IL
1.5 Million-SF, 49-Story Office Building

President’s Plaza — Chicago, IL
810,000-SF Office Complex

Willow-Sanders Property — Cook County, IL
Mixed-Use Development

263 Shuman Boulevard — Naperville, IL
350,000-SF Office Building

International Tower — 8550 W. Bryn Mawr, Chicago, IL
350,000-SF Office Building

Cumberland Centre – 5440 N. Cumberland Ave, Chicago, IL
330,000-SF Office Complex

120 East Liberty Drive, Wheaton, IL
118,000-SF Office Building

2350 Ravine Drive, Glenview, IL
45,000-SF Medical Office Building

CompUSA - 2840 S. Highland Ave, Lombard, IL
25,757-SF Freestanding Retail

8930 Waukegan Road, Morton Grove, IL
45,000-SF Office Building

Other Recent Developments

1850 Enterprise Drive, Westchester, IL - 70,000-SF Office Building
2401 Ravine Drive, Glenview, IL - 80,000-SF Office Building
9000 Waukegan Road, Morton Grove, IL - 125,000-SF Medical Office Building
200 Highland Avenue, Lombard, IL - 60,000-SF Retail Shopping Center

 

Cumberland Centre
5440-5450 N. Cumberland Ave., Chicago
330,000-SF Office Complex

Opportunity

  • Acquired in 2001
  • Two-thirds occupancy due to insufficient parking, with half of that occupancy in jeopardy

Result

  • Constructed a 300-car parking garage consisting of a two-story parking structure and an underground parking area
  • Made numerous base building and common-area improvements
  • Fully renovated the property at a total costs of $13 million
  • The major existing tenant signed a new 10-year lease and expansion that totaled 50% of the complex
  • Refinanced the property with original equity returned to investors