The Midwest Capital Markets team at Newmark has recently completed a series of successful office sales, totaling $45.15 million within a 17-day period in November. These transactions were all facilitated on behalf of the sellers and involved four separate deals across three different assets.
Led by Executive Managing Director Jim Postweiler, along with Senior Managing Directors Peter Harwood and Derek Fohl, as well as Associate Director Jack Trager, Newmark was able to secure these impressive sales.
One notable transaction was the sale of Woodlake Corporate Park in Lombard, Illinois for $25.9 million. This five-building portfolio was sold on behalf of Brennan Investment Group to Avalair Group and followed by another two-building portfolio sale to Woodside Capital Partners.
In addition to this deal, there was also a combined sale price of $19.25 million for 2300 Cabot Drive and One & Two Riverwood Place. The former property traded from Bridge Investment Group to Urban Commercial Property Group while the latter changed hands from The Broe Group to Woodside Capital Partners.
Overall, Newmark’s Midwest Capital Markets team continues its success in securing lucrative office sales for their clients.
