Lakeside Technology Center
1,200,000 Square Feet, Chicago, IL
- On behalf of joint venture which included Broad Street principals, and The Carlyle Group a strategic business plan was drafted and implemented by our team for the full repositioning of this asset.
- Plan included the need for public approvals to allow a use not contemplated in local building codes.
- The project was brought to 95% occupancy prior to delivery. Major leases with Qwest, Equinix, Global Crossing, Dominion Telecom, NTT, Level3.
- Project was sold by joint venture at highest IRR ever achieved by the institutional partner.
- Broad Street principals provided development services and leasing services.