- 400 N. Skokie Blvd., Northbrook, IL: Closed on a $26.2 million acquisition of a 195,000 square foot Class A office building in Chicago's northern suburbs. Investors are projected to receive an 8.80% average annual cash-on-cash return.
- GSA Acquisition Program: Closed on a Social Secuirty Administration building (15,500 SF) in Fort Wayne, IN. Investors are projected to receive a 7.60% average annual cash-on-cash return. This is the fourth closing in our GSA investment portfolio. Three midwest locations pending.
- Severance Town Center, Cleveland Heights, OH (616,000 SF retail power center): Negotiated a buyout of Borders lease, and AJ Wright has signed a 10 year lease to occupy this 25,000 square foot vacany. This new lease will enhance the stability and long-term valuation of the junior anchor position.
President
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400 Skokie Blvd. - Northbrook, IL
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