September 8, 2016 Comments Off on Blackstone’s $175M Sale Sets Chicago Record – Again Views: 468 Illinois, Midwest, National News

Blackstone’s $175M Sale Sets Chicago Record – Again

Blackstone Group struck a deal with Adventus Realty Trust to sell the 869,120-square-foot Riverway office complex in Rosemont, IL. Upon closing, the $175-million transaction will be the largest in suburban Chicago so far this year.

Blackstone, in fact, will be breaking its own record. A little more than one month ago, the real estate owner struck a deal to sell Commerce Plaza in Oak Brook to Zeller Realty Group for $125 million.

Riverway, on Higgins and River Roads, includes three office towers and is approximately 95% occupied. The largest tenant, U.S. Foods, leases 320,085 square feet. Central States Pension Fund leases 175,059 square feet.
HFF’s Mark Katz and Bryan Rosenberg are Blackstone’s representatives.

Read More at Crain’s Chicago Business

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