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News release


Solid Cash Flows Send Investors to Chicago’s Suburbs

Jones Lang LaSalle closes $28M sale of Class A office property

CHICAGO, March 20, 2014 – On behalf of M&J Wilkow and CarVal, JLL’s Capital Markets experts today announced the sale of Cantera Meadows, located in the western Chicago suburb of Warrenville. Adventus, a Canadian REIT exclusively represented by Cushman & Wakefield’s Randy Waites, Dan Svachula and Michael Simpson of Cushman & Wakefield, purchased the asset for $28.4 million.

Managing Director James Postweiler led the JLL team on the transaction.

“Cantera Meadows is an institutional-quality property that was nicely repositioned by the M&J Wilkow/CarVal team after purchasing the building empty from BP a couple years earlier.” said Postweiler. “Its diverse tenant base has an average of nearly eight years left on the leases, provides Adventus and their investors the opportunity to secure solid cash-flow.”

The eight-story, 203,842 square-foot office building is 92 percent leased and features amenities including a fitness center, full-service cafeteria, outdoor seating terrace and several conference rooms.  The property is located at 28100 Torch Parkway.

In 2013 alone, JLL’s Capital Markets completed nearly $99 billion in investment sales and debt and equity transactions globally. Over the past four years, Capital Markets has added more than 140 producers to its team in the Americas, with more than 1,400 specialists operating all over the globe.  During that same time period, the firm grew its Capital Markets revenues by nearly 600 percent.

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About M & J Wilkow, Ltd.
M & J Wilkow, Ltd. is in the business of acquiring, managing and selling shopping centers and office properties for its own account, as well as on behalf of institutional investors. Established in 1939 and headquartered in Chicago, Illinois, M & J Wilkow is a full service commercial real estate company, whose mission is to create value in real estate through an array of integrated services. Whether serving as a fiduciary for investors or a consultant for clients, M & J Wilkow’s record of success has fostered strong relationships with many institutional partners in joint venture and other financial arrangements. The company’s portfolio consists of 37 office and retail properties, located throughout the United States. The aggregate size of the portfolio is 7,547,000 square feet, with an estimated market value of $1.25 billion. The Company employs approximately 75 employees working out of 10 regional offices.   

For more information, visit

About CarVal
CarVal Investors is a global alternative investment fund manager with approximately $10 billion in assets under management in both credit and real estate strategies. The firm has a long history of working with Chicago-based M&J Wilkow to complete value-add commercial real estate investments in the U.S dating back to 1998.

About JLL
JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit