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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.

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