Transwestern Investment Co.’s equity fund, Aslan Realty Partners III LLC, acquired a 239,000-square-foot office building in Rosemont, Ill., for an undisclosed price.
The nine-story property, Columbia Centre III, is located just off of I-190, and was sold by an unidentified entity. Aslan III also owns the adjacent office building, Columbia Centre II.
” … This acquisition is a continuation of our strategy of buying well-located, high-quality assets at a significant discount to replacement cost,” said Stephen Quazzo, CEO of Transwestern Investment Co.
Founded in 1996, Chicago-based Transwestern Investment Co. invests in commercial real estate nationwide.
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