CBRE assisted CBRE Global Investors in the $83 million sale of the 380,360-square-foot One O’Hare Center, 6250 River Road, in Rosemont, Illinois, to a partnership represented by MDC Realty Advisors and Nicola Crosby, a subsidiary of Nicola Wealth Management.
Built in 1986, the 12-story property is currently 95.9 percent leased with 24 tenants. Located in the O’Hare office market, the center offers tenants immediate access to O’Hare International Airport and a centralized location in the Chicago region, with direct connections to major interstates in all directions, as well as public transportation access to the CTAs Blue Line.
According to CBRE research, since the beginning of 2012, the suburban market has posted 3,817,227 square feet (or 66.7 percent of total activity) of positive net absorption versus the CBD market total of 1,904,948 square feet in that same period.
