As commercial properties continue to trade hands at a frantic pace in core coastal cities and other top U.S. markets like Chicago, investors — for the first time in years — are beginning to focus more and more attention on secondary and tertiary markets … including the oft-maligned Chicago suburbs.
Hoping to capitalize on that renewed interest, the owners of a 116,000-SF office building in west-suburban Aurora (see photo above) have hired Jones Lang LaSalle to put the property up for sale.
JLL’s Jim Postweiler, who is marketing the building on behalf of Zeller Realty Group, told Crain’s Chicago Business that investors are already showing interest because of “strong fundamentals” including a good floor plan, ample parking and excellent visibility from Interstate-88. What’s more: the building is 91 percent occupied with no leases expiring until 2018.
To learn more, click here to read the full Crain’s story.