Colliers’ Office Capital Markets team of Alissa Adler and John Homsher has arranged the sale of the office building at 2001 York Road in Oak Brook, Illinois, to Ashley Capital in a strategic, all-cash acquisition.
Ashley Capital, one of the nation’s largest privately held industrial real estate investment and development firms, plans to relocate its Chicago office to the property later this year.
The 183,428-square-foot, Class-A office building offers tenants an impressive amenity package including a covered parking deck with heated underground access, an on-site café, conference facilities, a tenant lounge, a fitness center and EV charging stations. Ideally positioned near I-294 and I-88, the building’s location provides seamless access to the greater Chicago area.
Ashley Capital is planning a series of capital improvements and will roll out creative leasing packages to attract new tenants. The project will be fully self-funded until the building reaches a critical occupancy threshold, at which point rental income is expected to support conventional financing. The top four floors offer approximately 120,000 square feet of contiguous space available for lease.
Colliers, serving as the court-appointed receiver, property manager, and leasing agent, represented the lender, Varde Partners, in the disposition. Francis Prock and David Florent of Colliers negotiated the sale on behalf of the seller and have been retained as exclusive leasing agents for the property. Colliers will also stay on as property manager.
