Colliers International | Chicago has been named the exclusive agent to sell One O’Hare Centre in Rosemont. The 12-story, 380,360-square-foot, trophy class asset is located at 6250 N. River Road in the heart of Chicago’s O’Hare submarket. The Colliers marketing team is composed of Brian P. Nagle and Jerrod L. Wigal. They are marketing the property on behalf of GLL Real Estate Partners.
One O’Hare Centre is widely considered one of the premier suburban office complexes in metropolitan Chicago. Originally constructed in 1986, the asset was designed by Kohn Pederson Fox and features a level of trophy class finishes and construction that is unfeasible to economically replicate at current construction costs. The asset offers a broad amenity package including connected, covered parking, state-of-the-art fitness center, video-conferencing center, full-service restaurant and shuttle service to O’Hare international Airport, the River Road rapid transit station, and the numerous nearby hotels.
One O’Hare Centre is presently 94 percent leased to a premier roster of tenants with a weighted average remaining lease term of six years. The building serves as the headquarters location for Reyes Holdings, the 16th largest privately held company in the U.S. and one of the largest in Chicago. Reyes Holdings is the holding company for Reyes Beverage Group, the leading beer distributor in the U.S., as well as Martin-Brower, which is McDonald’s largest distributor in the U.S., Latin America and Canada.
The submarket offers comprehensive amenities, immediate access to O’Hare International Airport, an excellent central suburban location and access to mass transit. These traits have allowed O’Hare to endure Chicago’s trend of “reverse migration” back to the CBD and, in many instances, have enabled the submarket to benefit at the expense of other suburban locales. Since 2000, the O’Hare market has attracted more than 35 major tenants comprising 1.6 million square feet from competing submarkets, including such names as Wintrust Financial, US Foodservice, Culligan, Cole Taylor Bank and Reyes Holdings. As a result, One O’Hare Centre and its primary competitors have consistently outperformed the greater suburban office market, sustaining average occupancies near 90 percent over the past five years.