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10 N Dearborn.jpg
10 N. Dearborn - Chicago, IL
December 2013
  • Within three weeks, arranged the all-cash purchase of an 11-story, 80,300 rsf, boutique office building for $10.5 million ($131 psf) centrally located in Chicago loop CBD.  Negotiated a 20% discount from contract price for year-end close.

  • Business plan included $3.0 million upgrade of building infrastructure and tenant spaces to increase occupancy to 93% from 71% at purchase.

  • 10 N. Dearborn was sold to incoming tenant in August 2015.  Purchase option was not exercised.  Occupancy was increased to 97% by sale date. 

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