MetLife Investment Management acquires retail center in suburban Chicago
MetLife Investment Management announced the acquisition of The Overlook at Oakbrook, a 54,120-square-foot, newly developed, triple-net-leased trophy retail center located in the western Chicago suburb of Oakbrook, Ill.
JLL represented the seller, GW Properties, and procured the buyer.
Built from 2022 to 2023, The Overlook at Oakbrook features a mix of seven single-tenant and multitenant free-standing buildings leased to market-leading occupiers in the restaurant, education, medical and services space. The 100 percent–leased center is anchored by Guidepost, Lazy Dog, Panera and Vet Emergency Group. In addition, the center is shadow-anchored by Costco.
Situated at 1715-1775 W. 22nd Street in DuPage County, The Overlook at Oakbrook is located at the corner of 22nd Street and Route 83 and features frontage along the highly trafficked Interstate 88. The property benefits from its location across the street from Oakbrook Center mall, attracting 16.2 million visitors