 |
| One North LaSalle Tower, Financial District, Chicago, IL |
 |
| Kevin M. Purcell |
The HFF team
marketed the property on behalf of the seller, Hilco Redevelopment Partners and
executives from MB Real Estate Services, Inc., Kevin Purcell and Peter
Westmeyer, and procured the buyer, Bridge Investment Group LLC.
 |
| Peter J. Westmeyer |
One North LaSalle underwent a significant renovation in 2016 and has since experienced tremendous leasing velocity bringing the occupancy at the property to 86.3 percent.
Prominent tenants include Property Insight, Youth Guidance,
Prometric and Flanagan Bilton.
The 47-story tower has a Walk Score® of 98
and a Transit Score® of 100, as it is within minutes of numerous cafes and
restaurants, retail offerings, cultural attractions, and mass transit at Union
Station, Ogilvie Transportation Center and the Randolph Street station.
The HFF investment advisory team representing the seller included senior managing directors Jaime Fink and Jeffrey Bramson and directors Bryan Rosenberg and Patrick Shields.
 |
| Jaime Fink |
The HFF investment advisory team representing the seller included senior managing directors Jaime Fink and Jeffrey Bramson and directors Bryan Rosenberg and Patrick Shields.
Hilco
Redevelopment Partners (www.hilcoredev.com)
provides innovative solutions to maximize the value of complex real estate
assets by leveraging the extensive capabilities and capital of Hilco Global to
efficiently develop and bring new uses to these properties.
As an industry leader in successfully completing large
industrial redevelopment projects, Hilco Redevelopment Partners is a trusted
partner and principal investor in real estate deals, focusing on finding,
redeveloping and reimaging these properties as state-of-the-art warehouses,
fulfillment centers, and other industrial facilities located near major
transportation hubs, ports, and other strategic infrastructure assets to create
supply chain efficiencies for end users.
 |
| Jeffrey Bramson |
HRP’s facilities are developed to meet customer’s needs and
located in markets with strong labor pools and dense population.
Hilco Redevelopment Partners is a unit of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com).
Hilco Global operates more than twenty specialized business
units offering services that include asset valuation and appraisal, tangible
and intangible acquisition and disposition of assets, real estate advisory,
strategic equity investments, and much more.
Hilco Redevelopment Partners is a unit of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com).
 |
| Bryan Rosenberg |
Bridge
Investment Group LLC (“Bridge”) is a privately held real estate investment
management firm with more than $12 billion in assets under management.
Bridge combines its 1,100-person, nationwide operating platform with specialized teams of investment professionals focused on select U.S. real estate verticals, which Bridge believes offer above-market opportunity—i.e., multifamily, office, seniors housing, affordable housing and real estate-backed fixed income.
Bridge Property Management, L.C., a Bridge affiliate,
provides property management and construction services for Bridge multifamily
assets. For additional information, please visitwww.bridgeig.com.
Bridge combines its 1,100-person, nationwide operating platform with specialized teams of investment professionals focused on select U.S. real estate verticals, which Bridge believes offer above-market opportunity—i.e., multifamily, office, seniors housing, affordable housing and real estate-backed fixed income.
 |
| Patrick Shields |
CONTACTS:
JAIME FINK
IL Lic. #471.010204
HFF Senior Managing Director
(312) 528-3650
JEFFREY BRAMSON
HFF Senior Managing Director and Managing Broker
(312) 528-3650
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
No comments:
Post a Comment