{"id":1004203557,"date":"2018-01-15T08:24:05","date_gmt":"2018-01-15T16:24:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203557"},"modified":"2022-12-09T02:54:29","modified_gmt":"2022-12-09T10:54:29","slug":"jv-snags-il-office-park-for-129m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-snags-il-office-park-for-129m\/","title":{"rendered":"JV Snags IL Office Park for $129M"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004203558\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004203558\" data-attachment-id=\"1004203558\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-snags-il-office-park-for-129m\/central-park-of-lisle-email\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;13&quot;,&quot;credit&quot;:&quot;Connor Steinkamp&quot;,&quot;camera&quot;:&quot;NIKON D810&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1479637819&quot;,&quot;copyright&quot;:&quot;Connor STEINKAMP PHOTOGRAPHY&quot;,&quot;focal_length&quot;:&quot;15&quot;,&quot;iso&quot;:&quot;80&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Central Park of Lisle\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Central Park of Lisle&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg?w=800\" class=\"wp-image-1004203558 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg\" alt=\"Central Park of Lisle\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004203558\" class=\"wp-caption-text\">Central Park of Lisle I and II, Lisle, Ill.<\/p><\/div>\n<p>A joint venture between GFH Financial Group B.S.C., Lincoln Property Co. and Crestlight Capital has acquired Central Park of Lisle I and II, a Class A office property in Chicago&#8217;s suburb of Lisle, Ill. According to Yardi Matrix, the\u00a0property traded for\u00a0$129 million, funded by a $93.9 million loan held by Citibank. The previous owner was\u00a0Equity Office Properties Trust.\u00a0<\/p>\n<p>Central Park of Lisle I and II are located at 4225 Naperville Road and 3333 Warrenville Road, respectively. Constructed in 1991, Central Park of Lisle I offers 281,526 square feet across six floors. Built in 2001, Central Park of Lisle II comprises 311,912 square feet across eight floors. Combined, the two buildings are 86 percent leased, with tenants including Armour-Eckrich Meats LLC, Millward Brown, Kone, CA Technologies and EMC Corp. The transaction also included the 7.5-acre development parcel to the east of the buildings. Tenants have access to amenities such as:\u00a0<\/p>\n<ul>\n<li>on-site athletic club<\/li>\n<li>child care<\/li>\n<li>cafeteria<\/li>\n<li>conference facility<\/li>\n<li>common area Wi-Fi\u00a0<\/li>\n<li>executive parking and 3,051 spaces\u00a0<\/li>\n<\/ul>\n<p>The properties are a 10-minute drive from the Naperville Metra and Lisle Metra commuter stations, 25 miles from O&#8217;Hare International Airport and 30 miles from Chicago Midway International Airport. The site is also close to amenities such as Freedom Commons, Danada Square East and West, downtown Naperville and downtown Lisle.\u00a0<\/p>\n<p>HFF&#8217;s investment advisory team of Directors Bryan Rosenberg and Patrick Shields, as well as Senior Managing Directors Jaime Fink, Jeff Bramson and Mark Katz,\u00a0represented the seller. HFF&#8217;s debt placement team of Senior Managing Director Eric Tupler and Senior Director Trent Niederberger procured the buyer by securing financing through CitiGroup. Most recently, Equity Office also partnered with HFF to dispose of its\u00a0One Parkway North <a href=\"https:\/\/www.commercialsearch.com\/news\/equity-office-offloads-suburban-chicago-asset-for-47m\/\">office building in Deerfield<\/a>, Ill., which sold for $47 million.\u00a0<\/p>\n<p><em>Image courtesy of HFF\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equity Office Properties Trust disposed of Central Park of Lisle I and II, an office campus in Lisle, Ill. HFF marketed the property on behalf of the seller and procured the buyer. <\/p>\n","protected":false},"author":746,"featured_media":1004203558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21808,21825,13,21742,21747],"tags":[33457,33169,36133,33781,38860,32792,32838],"class_list":["post-1004203557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-featured","category-finance","category-midwest","category-latest","category-office","tag-citibank","tag-citigroup-inc","tag-crestlight-capital","tag-equity-office","tag-gfh-financial-group","tag-hff","tag-lincoln-property-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JV Snags IL Office Park for $129M - 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\/jv-snags-il-office-park-for-129m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Snags IL Office Park for $129M\" \/>\n<meta property=\"og:description\" content=\"Equity Office Properties Trust disposed of Central Park of Lisle I and II, an office campus in Lisle, Ill. HFF marketed the property on behalf of the seller and procured the buyer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-snags-il-office-park-for-129m\/\" \/>\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=\"2018-01-15T16:24:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:54:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Central-Park-of-Lisle-Email.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-snags-il-office-park-for-129m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-snags-il-office-park-for-129m\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"JV Snags IL Office Park for $129M\",\"datePublished\":\"2018-01-15T16:24:05+00:00\",\"dateModified\":\"2022-12-09T10:54:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-snags-il-office-park-for-129m\\\/\"},\"wordCount\":316,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-snags-il-office-park-for-129m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/01\\\/Central-Park-of-Lisle-Email.jpg\",\"keywords\":[\"Citibank\",\"Citigroup Inc.\",\"Crestlight Capital\",\"Equity Office\",\"GFH Financial Group\",\"HFF\",\"Lincoln Property Company\"],\"articleSection\":[\"Chicago\",\"Deals\",\"Featured\",\"Finance\",\"Midwest\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-snags-il-office-park-for-129m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-snags-il-office-park-for-129m\\\/\",\"name\":\"JV Snags IL Office Park for $129M - 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