HFF closes sale of Riverway in northwest suburbs of Chicago
CHICAGO, IL – December 20, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Riverway, a transit-oriented collection of three 11-story office buildings and a Bright Horizon’s daycare facility totaling 869,120 square feet in the northwest Chicago suburb of Rosemont, Illinois.
HFF marketed the property on behalf of the seller, and procured the buyer, Adventus Realty Trust.
The Riverway campus comprises Riverway Center at 9377 West Higgins Road, Riverway West at 9399 West Higgins Road, Riverway East at 6133 North River Road and the Bright Horizons daycare facility at 6107 North River Road. Situated at the junction of two of Chicago’s most heavily traveled arteries, Interstates 90 and 294, the transit-oriented property is within walking distance of the CTA blue line and is a five minute drive from O’Hare International Airport and the Metra commuter rail system providing linkage to executive housing in Chicago’s northwest suburbs. Riverway possesses a diversified rent roll of 20 tenants including U.S. Foods, Central States Pension Fund, Culligan International, First Union Rail and The NPD Group. The property features parking for more than 2,800 vehicles in a mixture of surface and garage spaces, a fitness center, and conference facilities.
The HFF investment sales team representing the seller was led by senior managing directors Jaime Fink, Jeff Bramson and Mark Katz and associate directors Bryan Rosenberg and Patrick Shields.
About Adventus Realty Trust
Adventus Realty Trust is a private real estate investment trust (REIT) formed in 2011. Adventus is based in Vancouver, British Columbia, Canada, and is focused on US income producing commercial real estate, primarily in the suburban office markets of Chicago, Illinois, and Atlanta, Georgia.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.