$2.77 Billion Sale of Blackstone - Equity Office/CarrAmerica Chicago Portfolio Closed by HFF.CHICAGO -- HFF HFF Hochschule für Fernsehen und Film München (Germany) HFF Heartland Film Festival HFF Hardy Fern Foundation HFF Half Forward Flank (football position) HFF Horizontal Flute Factor (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of 15 office properties totaling in excess of 11.2 million square feet in suburban and downtown Chicago on behalf of The Blackstone Group, L.P. The combined sales price for the portfolio was $2,770,000,000. The Chicago suburban portfolio closed in July and the Chicago central business district portfolio closed in August. HFF managing directors Jaime Fink and Jeff Bramson (HFF Chicago) along with senior managing director Glenn Whitmore (HFF New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) and executive managing director and managing member John Pelusi led the investment sales team exclusively on behalf of the seller. "This was one of the largest and best offerings of office properties in Chicago history, which combined top-quality office space in excellent in-fill locations in CBD (Component Based Development) Building applications with components (objects). See component software. CBD - component based development and suburban locations," said Fink. "We are pleased to have found outstanding buyers for the portfolio to maximize value for Blackstone." GE Real Estate purchased the nine Chicago suburban properties, which total in excess of 4.6 million square feet of office space. The properties include Commerce Plaza and 111 West 22nd Street in Oak Brook, Oakbrook Terrace Tower and One Lincoln Center in Oakbrook Terrace, Westbrook Corporate Center in Westchester, Pointe O'Hare in Rosemont, One Parkway North in Deerfield, and Bannockburn Lake I, II and IV in Bannockburn. Corporate 500 Centre in Deerfield is scheduled to close in early 2008. Tishman Speyer Properties Tishman Speyer Properties is a leading real estate building and operating company set up in 1978 by two founding partners, Jerry Speyer and Robert Tishman. Overview , Inc. purchased the Chicago CBD properties, which total in excess of 6.6 million square feet of office space. The downtown assets include 30 North LaSalle, 10 & 30 South Wacker Wacker may refer to:
HFF (NYSE NYSE See: New York Stock Exchange :HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and commercial loan servicing. |
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