HFF closes sale of and arranges $9.5 million financing for Corporetum Office Campus VI in suburban Chicago
CHICAGO, IL – July 25, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged the acquisition bridge financing for Corporetum Office Campus VI, a two-building office property totaling 168,698 square feet in the western Chicago suburb of Lisle, Illinois.
HFF marketed the property on behalf of the seller, Winthrop Liquidation Trust, and procured the buyer, Center Core Properties, an Evanston, Illinois-based real estate investment firm that targets opportunistic investments in up-and-coming markets. Additionally, HFF worked on behalf of the buyer to secure the three-year bridge loan through Thorofare Capital that includes a facility for capital improvements and leasing costs.
Corporetum Office Campus VI is located at 550 and 650 Warrenville Road within the larger Corporetum Office Campus in Lisle. This location is adjacent to Interstate 88 near the Interstate 355 interchange and about 25 miles west of downtown Chicago and 25 minutes from both O’Hare International and Midway Airports. The four- and five-story buildings are 83.2 percent leased to tenants, including Fairway Mortgage, Primera Engineers, ABM Janitorial, Circle K and United Health Care. Amenities at the two-building campus include a fitness center, conference center, on-site café and deli, outdoor tenant balconies and 575 surface parking spaces.
The HFF investment sales team representing the seller comprises Patrick Shields, Jaime Fink, Jeff Bramson and Bryan Rosenberg.
HFF’s debt placement team consisted of Trent Niederberger and Christopher Carroll.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.