JLL Capital Markets announced today that it has closed the sale of Corridors I and II, a two-building, Class-A office portfolio totaling 301,606 square feet in Downers Grove, Illinois.
JLL represented the seller, Soundview Real Estate Partners, and procured the buyer, Group RMC.
Corridors I and II is located at 2651 and 2655 Warrenville Road in the Eastern-East/West Corridor submarket of Chicago. This location offers immediate access to Interstates 88 and 355 and is visible to more than 260,000 vehicles per day. Corridors I and II is about 25 miles west of Downtown Chicago and is approximately a 25-minute drive to both O’Hare International Airport and Midway International Airport.
Corridors I and II is fully leased to a diverse tenant roster of investment grade and corporate headquarters tenants, including Huntington, Oak Street Health and Citgo. The five-story buildings integrate a “smart park” design and are connected by the fitness center and conferencing facility, allowing for a corporate headquarters feel. Additional on-site amenities include a deli with outdoor seating, a tenant lounge with ping pong and foosball tables and a parking garage.
The JLL Capital Markets team representing the seller was led by Patrick Shields, Sam DiFrancesca, Jaime Fink, Jeff Bramson and Bruce Miller.
