Edens Corporate Center Class A office property located in Chicago’s prestigious North Shore sold
JLL Capital Markets closed the sale of the two-building corporate center
CHICAGO, Sept. 2, 2021 – JLL Capital Markets announced today that it has closed the sale of Edens Corporate Center, a two-building office property located at 630-650 Dundee Rd. in Northbrook, Illinois.
JLL worked on behalf of the seller, KBS, to complete the sale to Bradford Allen Investment Advisors.
Edens Corporate Center stands four stories tall and consists of 188,040 total rentable square feet. The two buildings were originally built in 1987 and 1988 respectively, and later renovated in 2016-2019. The property features various amenities, including heated parking, outdoor terrace space, a café, a fitness center, a yoga room and a bike room.
The property is positioned in one of the most affluent and attractive communities in the northern Chicago suburbs, also known as the “North Shore.” The area quickly embraced the migration of Millennials moving to the suburbs, which consist of one of the largest segments of the workforce today, and benefits from exceptionally strong demographics with average household income surpassing the national average.
“We were very pleased with JLL Capital Markets’ strategic execution of this disposition,” said Dan Park, Asset Manager of Edens Corporate Center and Senior Vice President for KBS.
The JLL Capital Markets team representing the seller was led by Senior Directors Patrick Shields and Sam DiFrancesca and Senior Managing Directors Jaime Fink, Jeff Bramson and Bruce Miller.
“Edens is a perfect example of a smaller tenant building that has seen its population return to the office, make space decisions and adjust their footprint accordingly,” said Shields. “There will be a great lease-up story here and we can’t wait to watch it unfold.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge deliver best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement, or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
KBS is one of the largest investors of premier commercial real estate in the nation. As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of more than $43 billion on behalf of private and institutional investors globally. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime commercial real estate in some of the most successful epicenters in the country. The firm is committed in its business ethics, its business relationships, and its constant focus on exceeding the expectations of its investors, partners and tenants. SEC registration as an investment advisor does not imply any particular level of skill or training. For more information on KBS, please visit www.kbs.com.