Saturday, September 22, 2018

Bridge Investment Group’s Subsidiary (Bridge Office Fund Manager LLC) Acquires O’Hare International Center Office Complex in Rosemont, IL

O'Hare International Center, Rosemont, IL

Brian Tretinik
ATLANTA, GA  – Bridge Investment Group’s Office Division announced today the acquisition of O’Hare International Center (“OIC”), a pair of nine-story Class-A office towers adjacent to O’Hare International Airport in Rosemont, IL totaling 517,640 square feet of premier workspace and located in the heart of Chicago’s top urban-suburban office submarket. 

OIC offers close proximity to hotels, retail, restaurants and entertainment. OIC also presents unparalleled connectivity, with the O’Hare Transfer Metra Station less than 100 yards away that provides direct access to downtown Chicago, the new Consolidated Rental Car Facility located across the street that will provide direct tram connection to O’Hare International Airport and the CTA Blue line, a shuttle providing access to the Chicago Transit Authority Blue Line, and easy access from both I-90 and I-294 to an 1,800+ parking facility.

Rob Lundin
More than $5 million in capital improvements are planned for the campus, including significant cosmetic renovations to both lobbies, a new tenant amenity lounge connected to new outdoor amenity space, next-generation spec suites, conference center, as well as modernized corridors, restrooms, and elevators. Renovations are expected to begin in mid-October.

Originally built between 1984 and 1987, O’Hare International Center is currently 83 percent occupied. 

The property has undergone nearly $4 million in renovations since 2012, with a new state-of-the-art fitness center and upgrades to the 1,800+-space parking deck among the recent improvements. 

Across the street, the airport is in the final stages of building a new nine-story, intermodal facility that will house all long-term parking and rental cars and offer a direct connection to the CTA Blue Line. 

John Clark
The campus is also adjacent to the Sheraton Chicago, The Holiday Inn & Suites, and the popular Harry Caray’s Italian Steakhouse.

 “The repositioned O’Hare International Center will be a vibrant workplace campus that blends urban-style amenities and entertainment with the suburban convenience and affordability that appeals to today’s workforce,” said Brian Tretinik, Managing Director with Bridge Investment Group.

“The O’Hare submarket is home to several Fortune 500 companies and currently boasts the highest Class-A rents and lowest vacancy rate in suburban Chicago, making this a prime investment environment for office. 

Bridge’s proven blueprint provides long-term value for our tenants and strategic partners, and we look forward to creating a place where companies seeking top talent can truly thrive.”

John Norris
 Rosemont is known for a strong base of Class-A users and is home to many regional, national and global headquarters such as World Kitchen, True Value, The Big Ten Network and US Foods.

The surrounding area also boasts the 840,000-square-foot Donald E. Stephens Convention Center, The Rosemont Theatre and 530,000 square feet of high-end retail at the Fashion Outlets of Chicago.

 The newly opened Pearl District, a mixed-use development that includes a Dave & Buster’s and a soon-to-open boutique hotel, is also located nearby.

 The acquisition follows Bridge’s recent purchase of the 32-acre Lenox Park office campus in metro Atlanta, bringing the firm’s year-to-date total to nearly 4 million square feet of office space closed nationally.

Office spaces ranging from 2,600 to 28,900 square feet are currently available, with the first round of spec suites tentatively scheduled to deliver in 1Q2019. Leasing at O’Hare International Center will be led by Rob Lundin, John Clark, and John Norris of Newmark Grubb Knight Frank.


Nick Banaszak
The Wilbert Group

HFF announces sale of and equity for land site in Morrisville, NC

Justin Good
CHARLOTTE, NC – – HFF announces the sale of and joint venture equity for a land site totaling 48.33 gross acres (approximately 15.75 usable acres) within the Shiloh Crossing development in Morrisville, North Carolina.

The HFF team marketed the property on behalf of the seller, Shiloh Morrisville, LLC.  Dominion Realty Partners (DRP) purchased the site for $7.35 million.  

Additionally, the HFF team worked on DRP’s behalf to arrange joint venture equity for the development of a 318-unit multi-housing community planned for the site.

The planned community, Residences at Shiloh Crossing, will be situated along Shiloh Glenn Drive and Lower Shiloh Way at the crossroads of Highway 540 and Highway 54/Chapel Hill Road in Morrisville.
Sarah Godwin
Due for completion in 2019, the property’s accessibility to major transit corridors will offer unmatched connectivity to Raleigh-Durham’s most concentrated employment nodes, including the R&D-focused Research Triangle Park and surrounding Perimeter Park and Imperial Center.  

The property will consist of six apartment buildings encompassing a mix of one-, two- and three-bedroom units averaging 915 square feet.  Unit amenities will include nine-foot ceilings, quartz countertops, ENERGY STAR® appliances, in-unit washers and dryers, walk-in closets, and balconies or patios.  

Community amenities will include a resident clubhouse with Wi-Fi access, 24-hour fitness center, yoga room, game room, coffee bar, dog park, open green space for outdoor activities, resort-style swimming pool with sundeck, grilling area and walking-distance access to nearby retail and dining.  Residences at Shiloh Crossing will be designated by NAHB’s Green Building Standards.

Jeff Glenn
The HFF investment advisory team representing Shiloh Morrisville LLC consisted of managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Sarah Godwin.

HFF’s equity placement team representing DRP consisted of managing director Justin Good, senior managing director Travis Anderson and senior director Roger Edwards.

Holliday GP Corp. ("HFF") is a North Carolina licensed real estate broker.

Dominion Realty Partners (DRP) is a full-service real estate organization providing development, management, leasing, acquisition and investment services.  

Collectively, the DRP team of professionals brings more than five decades of real estate experience in delivering high quality, environmentally friendly commercial and residential real estate transactions throughout the southeastern and Mid-Atlantic United States.  

Allan Lynch
Having completed more than $2.5 billion in real estate transactions, 3.6 million square feet in office projects and more than 3,500 residential units, the DRP team has the capabilities and experience to structure complex financial arrangements and partnerships. 

 In the past 24 months, DRP has developed and acquired more than $600 million in the Mid-Atlantic and Southeast.  


NC Lic. #261333
HFF Managing Director
(919) 573-4642

HFF Public Relations Specialist
(713) 852-3500

Bull Realty Brokers $7.3 Million Medical Office Building in Atlanta MSA

Piedmont Healthcare Medical Center, Loganville, GA

ATLANTA, GA— The Healthcare Real Estate Services Group at Bull Realty brokered the sale of a Piedmont Healthcare Medical Center, an approximately 15,000 SF medical office building located in Loganville, GA.
The sale closed on September 4, 2018 for $7,347,000. Paul Zeman with Bull Realty was the only broker involved in the transaction.  
Clearview Regional Medical Center was established in this market in 1959 and was acquired by Piedmont Healthcare on March 31, 2018. Immediately afterwards, a private seller awarded Zeman the exclusive assignment to market the real estate for sale. 

Paul Zeman
Piedmont operates a Women’s Healthcare Clinic and a Gastroenterology Clinic which includes an Endoscopy / Surgery Center at this location.
“Hospital Outpatient Procedure Departments like this one provide a great service to patients in the community. Piedmont’s commitment to this market is significant and as a result this asset will continue to perform very well,” said Zeman.  
Healthcare Real Estate Services ( are specialty brokers with Bull Realty, Inc. (, a commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing, management and advisory services. The firm also produces and hosts America’s Commercial Real Estate Show (

Melissa Henry
Communications Manager
404-876-1640 x 110

Pathway to Living Completes Acquisition of 101-Unit Senior Living Community in Northwest Suburban Chicago

Grandbrier of Prospect Heights, 708 North Elmhurst Road,
Prospect Heights, IL

CHICAGO, IL – Pathway to Living, a Chicago-based developer, owner and operator of senior living communities,  announced it has completed its acquisition of Grandbrier of Prospect Heights, a 101-unit senior living community in Prospect Heights, Ill., a northwest suburb of Chicago.

Located at 708 N. Elmhurst Road, the property will be rebranded Aspired Living of Prospect Heights in October and continue to be managed by Pathway to Living, as it has been since opening in May 2017.

Maria Oliva

Pathway to Living became the owner of the community after buying out its joint venture partner. The property includes a three-story, 69-unit independent and assisted living community, as well as a connecting single-story, 32-unit memory care neighborhood that wraps around a secure, outdoor courtyard.

“Pathway is intimately familiar with the design and operations of Aspired Living of Prospect Heights because we’ve been involved with it from the very beginning, fostering connections with the residents who call this community home,” said Maria Oliva, chief operating officer at Pathway to Living.

“As the newest addition to our Aspired Living brand family, it will continue to be synonymous with the highest levels of care, programming and design, empowering residents to live engaged, purposeful lives.”



 Kathryn Kjarsgaard,,
(312) 267-4514

 (312) 267-4528