Saturday, September 2, 2017

HFF closes $17.915 million sale of and arranges $15.720 million in financing for transit-oriented office building in suburban Chicago

            
6400 Shafer Court, Rosemont, IL                  Photo by Jay Rubinic
                                            
         
Jaime Fink
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $17.915 million sale of and arranged $15.72 million in financing for 6400 Shafer Court, a 179,442-square-foot, transit-oriented office building in the suburban Chicago community of Rosemont, Illinois.

HFF marketed the property on behalf of the seller, a subsidiary of Crossroads Partners, and procured the buyer, Free Market Ventures.  Additionally, HFF worked on behalf of the new owner to secure the acquisition loan with through Prime Finance. 

6400 Shafer Court is situated along Interstate 294 and not far from Interstate 90 in the O’Hare submarket of Chicago.  The eight-story property is adjacent to the Hyatt Rosemont hotel and is within walking distance of many retail and dining options. 

In addition, shuttle service is provided from the property to O’Hare International Airport and the CTA Blue Line stop. Most recently renovated in 2015, the office tower features 22,081-square-foot average floorplates and parking for 495 vehicles in a surface lot and 22 vehicles in an executive parking garage.  6400 Shafer Court is 92.2 percent leased.  Crossroads Partners was retained to manage the building.

The HFF investment sales team representing the seller was led by senior directors Bryan Rosenberg and Patrick Shields and senior managing directors Jaime Fink and Jeff Bramson.

HFF’s debt placement team representing the borrower was led by managing director Christopher Carroll and senior director Trent Niederberger.

For more information on this news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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