JLL arranges $29.8 million financing for Oak Brook, IL office property

Christopher Carroll

CHICAGO, IL– JLL announced  it has arranged a $29.8 million financing for 2001 York Road, a 184,525-square-foot office asset in Oak Brook, Illinois.

JLL worked on behalf of the borrower, an affiliate of Pembroke IV, LLC, to secure the 36-month, floating-rate loan.

2001 York Road is positioned within the Oak Brook submarket of eastern suburban Chicago.  

The affluent community is centrally located in DuPage County and is home to more than 10 million square feet of office space as well as the area’s primary economic driver, Oak Brook Center Mall, which is the largest open-air shopping center in the Midwest.  

Tenants have convenient access to both Interstate 88 and 294, connecting the property to Chicago’s CBD and greater Chicagoland.  The five-story office property has 33,000-square-foot average floorplates and is currently fully leased with Comcast occupying the majority of the building.

2001 York Road, Oak Brook, IL

The JLL Capital Markets team representing the borrower was led by Managing Director Christopher Carroll.

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Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.                                                                                                                                                                                             

  

Contact: 

Kristen Murphy

JLL Director

 Public Relations

Phone: +1 617 848 1572

Email: Kristen.Murphy@am.jll.com

jll.com.