Alter Asset Management (AAM) has been awarded the contract to provide comprehensive property management services for One11 West Illinois, a 99% leased Class A mixed-use office and retail building in River North, one of Chicago’s strongest submarket.
The new owner, GLL Real Estate Partners GmbH, a Munich-based real estate fund management group, selected AAM as part of its acquisition of the property. Samuel F. Gould, President of AAM, made the announcement.
One11 West Illinois is a 227,604-square-foot, 10-story building anchored by the regional headquarters of salesforce.com. WeWork, a New York-based leader in the co-working sector, is the second largest tenant. In a unique arrangement, each tenant has its own ground floor entry and lobby area. Retail tenants include Roka Akor, a Zagat and Michelin-rated steak, seafood, and sushi restaurant named “Best Sushi Restaurant in the US” by Travel & Leisure Magazine.
Leading the management team at One11 West Illinois is Paula Lullo of AAM, who brings more than 20 years of experience with a specialization in commercial retail and office. Her previous positions include management of the 1.4 million square feet at Ford City Mall in Chicago; she was also a team leader on the renovations of the Chicago Federal Reserve Bank and the Merchandise Mart.
