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January 31, 2018  

Revived Offices Shown Near Chicago

A Walton Street Capital partnership is shopping a once-troubled office complex in suburban Chicago that it repositioned and leased up.The 911,000-square-foot Continental Towers, in Rolling Meadows, Ill., is expected to fetch bids of $130 million to $135 million. A sale at that valuation would produce an initial annual yield of 8.5% to 9%. CBRE has the listing.The Class-A property is 89% leased. It was just 55% occupied when Walton Street and...

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