Newmark’s Midwest Capital Markets Secures $45M in Office Sales
Newmark’s Midwest Capital Markets team has completed $45.15 million in office sales within a 17-day period in November. The closings were all facilitated on behalf of the sellers, and comprised of four distinct transactions across three assets.
Newmark Executive Managing Director Jim Postweiler, Senior Managing Directors Peter Harwood and Derek Fohl and Associate Director Jack Trager worked on all sale transactions.
With the $25.9 million sale of Woodlake Corporate Park in Lombard, Illinois, Newmark completed a five-building portfolio sale on behalf of the seller, Brennan Investment Group, trading the assets to Avalair Group, followed by a two-building portfolio sale, trading the remaining office assets to Woodside Capital Partners.
Additionally, the $19.25 million combined sale price of 2300 Cabot Drive and One & Two Riverwood Place included trading the Cabot Drive asset from Bridge Investment Group to Urban Commercial Property Group, and with Riverwood Place trading hands from The Broe Group to Woodside Capital Partners.