Hannay Realty Advisors announced that it has acted as an advisor to MDC Realty Advisors and Nicola Crosbyon the purchase of One O’Hare Center, a 380,360 square foot Class A office asset located within the O’Hare submarket in the greater Chicago area.
The building is 96% occupied by high credit tenants providing a stable income stream with an opportunity for future rental growth.
Hannay Realty Advisors will provide the asset and property management services for the building, adding to the Company’s growing management portfolio of office and retail properties, which is now over 13 million square feet.
“We are very pleased to add One O’Hare Center to our growing management portfolio in the Chicago market.” Hannay Realty Advisors President, Craig Hannay, said. “The property is a trophy quality Class A asset with an irreplaceable location and strong tenant roster. We are actively looking for future acquisition and co-investment opportunities in the Chicago area as well as throughout the Western U.S., with a focus on quality retail centers and core–to-core plus office properties,”