55 East Monroe – Chicago, IL
1.5 Million-SF 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
300,000-SF Office Building

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

Other Recent Developments		  
International Tower
8550 W. Bryn Mawr,
Chicago, IL
300,000-SF Office Building
 

Opportunity
Insufficient parking coupled with the soft office market had kept the former Central States Pension Funds HQ building vacant for eight years when GlenStar acquired it in 2000. GlenStar created a plan to totally renovate the office building and develop an adjacent 700-car, five-story parking structure. In addition, GlenStar negotiated a 99-year ground lease with a hotel developer on a portion of the site.

Result
Over a three-year period, $20 million was invested and the building was fully renovated and leased to more than 90%. Additionally, the ground lease under the hotel was sold in a separate transaction for a substantial profit to the venture.

For information on space availability, please contact either David Trumpy or Bill Debb at 773-308-1030.

Copyright © 2006 GlenStar Properties, LLC.