East West Corporate Center

Jones Lang LaSalle Americas (Illinois) L.P. (JLL) has been exclusively retained to offer the unique opportunity to acquire East/West Corporate Center, a two building Class A office park located in the prestigious western suburbs of Chicago. Prominently situated adjacent to the 4-way interchange of I-88 and US Route 59, the property consists of 225,895 rentable square feet (RSF) and is leased to fifteen tenants, with nearly 50% of the net rentable office area occupied by investment grade, publicly traded companies.

East/West Corporate Center is located in Naperville, one of the most highly regarded cities in the US, recently being named the #3 Best City to Live in America as of 2020. The property benefits from a DuPage County address and is an attractive low-rise suburban alternative in today’s post-COVID market. Currently 77.5% leased across the two buildings, East/West Corporate Center provides investors the opportunity to acquire a value-add asset with significant lease-up potential at a substantial discount to replacement cost.

• Best-of-the-best tenancy
  • 62.3% Headquarters Tenancy
  • 47.7% Investment Grade Tenancy
• Highly desirable access to area amenities
  • Proximate to the transformational $200MM+ shopping, dining, and entertainment hub, CityGate West will span over 100 acres and transcend the immediate corridor along I-88
• Considerable rent growth at the property
  • 91% increase in contractual rents across the office park since 2010
• Full amenity set = leasing velocity
  • 32% higher rents in amenity rich buildings vs. the overall suburbs
  • 7.9% less in vacancy for Class A amenitized buildings vs. the overall suburbs
• Established corporate location in one of the country’s best ranked cities
  • Naperville is the #3 Best City to live in America
• Attractive low-rise suburban alternative in today’s post-Covid market
• Excellent highway frontage and visibility from the I-88 / US Route 59 Interchange
• DuPage County tax advantage
• Strong demographic base in Chicago’s East/West corridor
• Substantial discount to replacement cost
  • 120% discount to new suburban construction