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Chicago – Suburban
Chart of the week: October 31, 2016
Source: JLL Research
Sales surrounding Oakbrook Center heat up in
the third quarter
‱ Seven major sales totaling over $301.0 million have occurred within 2 miles of Oakbrook Center in
the third quarter.
‱ Investors’ interest in suburban mixed-use centers remains strong, as companies target these
amenity rich buildings for recruiting and retention purposes.
‱ 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?
2
3 4
1
7
2016 Sales and Prices (in ‘000s)
1. Oakbrook Terrace Corp. Ctr. III – N/A
2. Oak Brook Place – $24,000
3. Parkview Plaza – $47,500
4. Mid America Plaza – $78,000
5. Citibank Office Plaza – $18,000
6. Commerce Plaza – $124,150
7. Oak Brook Business Center – $10,100
6
5
Oakbrook
Center

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Major Sales Heat Up Around Oakbrook Center in Q3 2016

  • 1. Chicago – Suburban Chart of the week: October 31, 2016 Source: JLL Research Sales surrounding Oakbrook Center heat up in the third quarter ‱ Seven major sales totaling over $301.0 million have occurred within 2 miles of Oakbrook Center in the third quarter. ‱ Investors’ interest in suburban mixed-use centers remains strong, as companies target these amenity rich buildings for recruiting and retention purposes. ‱ 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? 2 3 4 1 7 2016 Sales and Prices (in ‘000s) 1. Oakbrook Terrace Corp. Ctr. III – N/A 2. Oak Brook Place – $24,000 3. Parkview Plaza – $47,500 4. Mid America Plaza – $78,000 5. Citibank Office Plaza – $18,000 6. Commerce Plaza – $124,150 7. Oak Brook Business Center – $10,100 6 5 Oakbrook Center