GERA 6400 Shafer LLC, a subsidiary of Grubb & Ellis Realty Advisors Inc., has acquired a 180,000-square-foot office building in Rosemont, Ill., for $21.5 million. The property, 6400 Shafer Court, is located less than a mile from Chicago O'Hare International Airport. F/B 6400 Shafer Ct. (Rosemont) LLC sold the asset 56 percent leased. The subsidiary's plan is to hold the property for future sale to Grubb & Ellis Realty Advisors Inc., according to a press statement, although no sales arrangement currently exists, and the transaction would have to be approved first by Realty Advisors' board of directors and stockholders. ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.