September 10, 2019 Comments (0) Views: 242 Chicago News, Greater Chicagoland

Oak Brook Offices Land Floating-Rate Loan

JLL recently arranged a $29.8-million financing for 2001 York Rd., a 184,525-square-foot office asset in Oak Brook, IL. A JLL Capital Markets team, led by Christopher Carroll, worked on behalf of the borrower, an affiliate of Pembroke IV LLC, to secure the 36-month, floating-rate loan.

2001 York Rd. is positioned within the Oak Brook submarket of Chicago’s eastern suburbs.  The affluent community is centrally located in DuPage County, and is home to more than 10 million square feet of office along with the area’s primary economic driver, Oak Brook Center Mall, the largest open-air shopping center in the Midwest.

The five-story office property has 33,000-square-foot average floorplates. Currently, it’s fully leased, with Comcast occupying the majority of the building.

The deal was secured by HFF prior to its July 1 acquisition by JLL. Co-brokerage services were provided by JLL Americas.

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