Major Sales Heat Up Around Oakbrook Center in Q3 2016
1. Chicago â Suburban
Chart of the week: October 31, 2016
Source: JLL Research
Sales surrounding Oakbrook Center heat up in
the third quarter
âą Seven major sales totaling over $301.0 million have occurred within 2 miles of Oakbrook Center in
the third quarter.
âą Investorsâ interest in suburban mixed-use centers remains strong, as companies target these
amenity rich buildings for recruiting and retention purposes.
âą Will these mixed-use centers of influence continue to gain popularity as the first wave of millennials
looks to maintain urban convenience while also targeting suburban schools for their children?
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2016 Sales and Prices (in â000s)
1. Oakbrook Terrace Corp. Ctr. III â N/A
2. Oak Brook Place â $24,000
3. Parkview Plaza â $47,500
4. Mid America Plaza â $78,000
5. Citibank Office Plaza â $18,000
6. Commerce Plaza â $124,150
7. Oak Brook Business Center â $10,100
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Oakbrook
Center