Cushman & Wakefield‘s Corporate Occupier & Investment Services team announced the purchase of three Class A office buildings located in Rosemont, Illinois, by Adventus Realty Trust. This acquisition brings Adventus’s Chicago area portfolio to over 2.1 million-square-feet.
These properties include Columbia Centre I at 5600 N River Road (221,850 square-feet), Columbia Centre II at 9450 W Bryn Mawr Avenue (148,927 square-feet), and Columbia Centre III at 9525 Bryn Mawr Avenue (249,437 square-feet). All are Class A office buildings with a combined 93% occupancy. Anchor tenants include World Kitchen, Life Fitness, and Resolution Life.
Cushman & Wakefield has advised Adventus, a Vancouver-based REIT, on the strategic acquisition of 2.1 million-square-feet of Chicago area real estate within the last two years, including:
• Cantera Meadows, a 203,842 square-foot, eight story, Class A office building located in Warrenville, Illinois • 111 Pfingsten Road, a 120,927 square-foot, four story, Class A office building located in Deerfield, Illinois • Oak Brook Office Center: 2707, 2803, 2805, and 2809 Butterfield Road in Oak Brook, Illinois, a 312,262 square-foot, Class B office complex • The Crossings of Oak Brook: 1420 and 1520 Kensington Road in Oak Brook, Illinois, a 303,510 square-foot, Class A office complex • 2500 Westfield Drive in Elgin, Illinois, a 545,848 square-foot, Class A office building acquired in 2012
“Supporting Adventus’ growth strategy and continued portfolio growth in the Greater Chicago area has been and continues to be a top priority for our team,” said Randy Waites, Senior Managing Director of C&W’s Corporate Occupier & Investor Services for the Midwest Region. “We are fully engaged on many levels with Adventus which has enabled us to provide them with our fully-integrated capabilities including property management, and agency leasing, in alignment with our “client-only” service approach.”
Randel Waites, Michael Simpson and Dan Svachula of Cushman & Wakefield, the exclusive real estate advisory firm to Adventus, represented them in the transaction. “We were extremely pleased to assist Adventus in the purchase of the Columbia Centre. It was an acquisition opportunity that was a strong match for their investment strategy in the Chicago market,” said Svachula, Director of Leasing for Cushman and Wakefield.
