Foreign investor acquires class A office building in Chicago’s western suburbs
Ryan Cos., through a joint venture partnership with Sidra Capital, has acquired Oakmont Point, a 92,553-square-foot, class A office building in the western Chicago suburb of Westmont, Ill. The sales price was estimated to be more than $21.7 million, and JLL Capital Markets arranged the joint venture equity and acquisition financing.
Completed in 2019, Oakmont Point is a three-story building offering tenants a wide variety of amenities, including an indoor/outdoor café, tenant lounge, fitness center, conference center, outdoor green space and underground executive parking. The property is 91.2 percent leased to two institutional quality tenants, JLL and Ryan Cos.
Oakmont Point is located at 700 Oakmont Lane, less than 20 miles west of downtown Chicago. The property is off Route 83 near its intersection with Interstate 88, offering convenient access to Chicago O’Hare International Airport, Chicago Midway International Airport and the surrounding Chicagoland suburbs. I