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| O'Hare International Center, Rosemont, IL |
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| Brian Tretinik |
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.
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| Rob Lundin |
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.
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| John Clark |
“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.”
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| John Norris |
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.
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.
Contact:
Nick Banaszak
The Wilbert Group
