CBRE Brokers Sale of One O’Hare Center for $83M

One OHare Centre_v2

The suburban investment market is heating up.

CBRE’s Paul Lundstedt and Dan Deuter assisted CBRE Global Investors in the sale of the 380,360-square-foot One O’Hare Center at 6250 River Road in Rosemont, Ill. to a partnership represented by MDC Realty Advisors and Nicola Crosby, a subsidiary of Nicola Wealth Management for $83 million.

According to Lundstedt, “This sale provides evidence that institutional investors are gaining more confidence in high-quality suburban office buildings. With literally no new supply in the pipeline, investors are recognizing the opportunities that exist to push rents for high-quality assets in the suburbs.”

Crain’s has the story.

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