JLL successfully closed the sale of The Overlook at Oakbrook, a newly developed retail center in the western Chicago suburb of Oakbrook, Illinois. Spanning 54,120 square feet and featuring a mix of single-tenant and multi-tenant buildings leased to top market occupiers in various industries such as restaurants, education, medical services and more. The center is fully occupied with anchor tenants including Guidepost, Lazy Dog,Panera,and Vet Emergency Group. Additionally,the highly successful Costco located nearby serves as an additional draw for customers.
The seller,GW Properties,and buyer,MetLife Investment Management,were represented by JLL’s Retail Capital Markets team led by Senior Managing Director Alex Sharrin,Senior Director Michael Nieder ,Associate John Detlaff,and Analyst Noel O’Donnel.
According to Sharrin,”This deal exemplifies the importance of location in commercial real estate investment,drawing interest from private,international,and institutional capital.”
