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| The East/West Corridor submarket of DuPage County, IL includes Two TransAm and 750 Warrenville, two Class A office assets totaling 212,139 square feet |
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| Patrick Shields |
JLL represented the seller, American Landmark Properties Corporation, and procured the buyer, RE Development Solutions.
Located at 2 TransAm Plaza Drive in Oakbrook Terrace and 750 Warrenville in Lisle, both properties are positioned within the East/West Corridor submarket of DuPage County.
This submarket is an established corporate location with immediate access to two interstates, the Yorktown-Oak Brook retail corridor and the executive housing stock in Oak Brook, Hinsdale, Burr Ridge and Naperville.
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| Jaime Fink |
The JLL Capital Markets team representing the seller was led by Senior Director Patrick Shields, Senior Managing Directors Jaime Fink, Jeffrey Bramson and Bruce Miller and Director Sam DiFrancesca.
“This was a fantastic opportunity to capture strong current cash flow while continuing to add value through lease up and marking in place rents to market,” Shields said.
About JLL:
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
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| Jeffrey Bramson |
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
About American Landmark Properties Corporation
American Landmark Properties is the owner of numerous suburban office properties in Chicago, as well as Class A office high-rises in Cleveland, New Jersey and New York.
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| Bruce Miller |
About RE Development Solutions:
RE Development Solutions is a Commercial Real Estate Management Company with a mix of roughly 1,400,000 square feet of industrial, office and retail space under management.
Over the last four years, the firm has continuously doubled its management portfolio with a goal of reaching two million square feet under management by the end of 2020.
The team is focused on expanding its capabilities and continuing to provide excellent service to its investors and tenants.
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| Sam DiFrancesca |
The team is focused on expanding its capabilities and continuing to provide excellent service to its investors and tenants.
Contact:
Kristen Murphy
JLL Senior Manager
Public Relations
Phone: +1 617 848 1572
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