Opportunity
GlenStar's first transaction for 2007 was the acquisition of a four-building office complex at 8600 W. Bryn Mawr in Chicago, known as President's Plaza. This 810,000-square-foot, 20-year-old office complex was approximately 70% leased at purchase.
Strategy
GlenStar has identified strategic improvements to be made to the property's base building systems and common areas. After an investment of approximately $10 million, President's Plaza will be well positioned in the marketplace to lease up the available 225,000 square feet of space and prepare the property for final disposition.
Click here to visit the President's Plaza Web Site.