JLL successfully completed the sale of The Overlook at Oakbrook, a 54,120-square-foot retail center located in the highly desirable suburb of Oakbrook, Illinois. This newly developed triple-net-leased property was acquired by MetLife Investment Management through JLL’s representation of seller GW Properties.
The expert Retail Capital Markets team at JLL led this transaction with Senior Managing Director Alex Sharrin at the helm alongside Senior Director Michael Nieder and supported by Associate John Detlaff and Analyst Noel O’Donnel. The impressive mix of seven single-tenant and multi-tenant buildings within The Overlook are fully leased to top-performing tenants in various industries such as restaurants, education, medical services. Notable anchors include Guidepost, Lazy Dog Café , Panera Bread Company and Vet Emergency Group. Additionally,the center benefits from being near one of Illinois’ most successful Costco locations.
Sharrin commented on the deal stating that it exemplifies how crucial location is in commercial real estate as it attracted interest from private investors both domestic and international as well as institutional capital sources.
