Search Results

April 11, 2018  

GEM Lands Stake in Illinois Offices

GEM Realty has agreed to buy a majority interest in a suburban Chicago office building.The transaction values the 339,000-square-foot Orrington Plaza, in Evanston, Ill., at about $91 million, or $268/sf.Investcorp currently owns the property in partnership with Golub & Co. Investcorp is cashing out, and Golub will retain a minority interest and continue as the operator. The exact size of the stake being acquired by GEM, a Chicago fund operator,...

This article is free to subscribers of Real Estate Alert. If you are a subscriber, please sign in.

If you are not a subscriber, please complete the form below to purchase the article for $19.95.
First Name *
Last Name *
E-mail *
Card Number *
Expiration *
Card Code *
Address *
City *
State/Province *
Zip/Postal Code *

Purchase Article