{"id":1004130352,"date":"2015-10-29T05:58:58","date_gmt":"2015-10-29T13:58:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004130352"},"modified":"2020-04-29T03:37:17","modified_gmt":"2020-04-29T11:37:17","slug":"tdc-bids-farewell-to-chicago-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/","title":{"rendered":"TDC Bids Farewell to Chicago Office Asset"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"Edens<\/a>

Edens Corporate Center<\/p><\/div>\n

The Davis Cos.<\/a> (TDC) of Boston parted ways with a Class A, four-story, 188,040-square-foot office property in Northbrook, Ill. The 28-year-old Edens Corporate Center located at 630-650 Dundee Road was acquired by Newport Beach, Calif.-based KBS Realty Advisors<\/a>. HFF<\/a> Managing Director Mark Katz represented TDC in the transaction.<\/p>\n

Directly adjacent to the I-94 interchange in the Chicago suburb of Northbrook, Edens Corporate Center houses 29 tenants such as Blue Chip Marketing Worldwide, Meritas, Northwestern Mutual, and many more. NAI Hiffman Commercial Real Estate<\/a> was in charge of property management and leasing activities.<\/p>\n

After purchasing the asset back in 2011, TDC invested in an extensive capital improvement program, raising occupancy levels from 72 to 94 percent. This year, the property was the recipient of BOMA\u2019s Toby Award for \u201cOutstanding Building of the Year\u201d in the Renovated Building Category.<\/p>\n

\u201cHaving been capital starved for many years, our goal was to revitalize what we believed was a core asset with highly desirable executive underground parking in an affluent submarket,\u201d Duncan Gilkey, senior vice president at TDC, said. \u201cWe quickly changed management and identified major areas for improvement, focusing on tenant amenities and deferred maintenance.\u201d<\/p>\n

Image courtesy of The Davis Companies<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A Class A office asset in suburban Chicago has found new ownership.<\/p>\n","protected":false},"author":192,"featured_media":1004130354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21742,21747],"tags":[],"class_list":["post-1004130352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-latest","category-office"],"acf":[],"yoast_head":"\nTDC Bids Farewell to Chicago Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TDC Bids Farewell to Chicago Office Asset\" \/>\n<meta property=\"og:description\" content=\"A Class A office asset in suburban Chicago has found new ownership.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-29T13:58:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T11:37:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/\",\"name\":\"TDC Bids Farewell to Chicago Office Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg\",\"datePublished\":\"2015-10-29T13:58:58+00:00\",\"dateModified\":\"2020-04-29T11:37:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg\",\"width\":1000,\"height\":666},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TDC Bids Farewell to Chicago Office Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16\",\"name\":\"Ioana Neamt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g\",\"caption\":\"Ioana Neamt\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ioana-neamtyardi-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TDC Bids Farewell to Chicago Office Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/","og_locale":"en_US","og_type":"article","og_title":"TDC Bids Farewell to Chicago Office Asset","og_description":"A Class A office asset in suburban Chicago has found new ownership.","og_url":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-10-29T13:58:58+00:00","article_modified_time":"2020-04-29T11:37:17+00:00","og_image":[{"width":1000,"height":666,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg","type":"image\/jpeg"}],"author":"Ioana Neamt","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/","name":"TDC Bids Farewell to Chicago Office Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg","datePublished":"2015-10-29T13:58:58+00:00","dateModified":"2020-04-29T11:37:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg","width":1000,"height":666},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/tdc-bids-farewell-to-chicago-office-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"TDC Bids Farewell to Chicago Office Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/993af2799cdaf5162633d320cf63ff16","name":"Ioana Neamt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c23143e2bbd052c3212795512e12716f2eb2fe548856495df0a99e5404af3d75?s=96&d=mm&r=g","caption":"Ioana Neamt"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/ioana-neamtyardi-com\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/ECC.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004130352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/192"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004130352"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004130352\/revisions"}],"predecessor-version":[{"id":1004427802,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004130352\/revisions\/1004427802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004130354"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004130352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004130352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004130352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}