AON Offices Near Chicago For Sale at $85 Million

Real Estate Alert reports that Prudential Real Estate Investors (PREI) is offering a 416,000 sf office building in Glenview, IL that is net leased to AON Corp through 2017. The 27 year old building was fully renovated by Blackstone in 2001 and purchased by PREI on behalf of a foreign-client. The offering price would provide the buyer a 7.1% initial annual return but rents escalate at 3.5% per year. Sphere: Related Content