Jones Lang LaSalle Americas (Illinois) L.P. (“JLL”), retained as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Cantera Crossings (the “Property”). The 147,338 rentable square foot (“RSF”) building is located at 27201 Bella Vista within Warrenville's prestigious Cantera development. This premier corporate address provides fantastic access & visibility from I-88 with a plethora of area amenities all within low tax, business-friendly, DuPage County.
Originally purpose-built for Liberty Mutual (S&P: A) as the sole occupier, the tenant has recently rightsized and extended their lease through July of 2025. This transformation has created a first-of-its-kind opportunity to transform one of the newest buildings in suburban Chicago into a first-class, multi-tenant office building. Cantera Crossings offers potential investors a tremendous value-add opportunity through lease-up of current vacancy alongside secure in-place income from a Fortune 100 investment-grade credit tenant.
Investment Grade Anchor Tenancy (S&P: A) | Secure In-Place Income Provides Runway for Lease-Up
Immediate Lease-Up Potential | Established Corporate Location Currently 38.7% Leased
Accessible, Amenity-Centric Location | Adjacent to I-88, Destination Retail, Multi-Family, Hospitality & Healthcare in the Immediate Area
Premier Cantera Development Address | Competitive Set Outperforms the Market with 86.9% Average Occupancy and $17.75 NNN Asking Rents (As of YE 2020)
Attractive 36,000+ RSF Floorplates | Large Block of Available Space Ideal for Dominant Large Block East/West Corridor Leasing Market
DuPage County Tax Advantage | DuPage County Properties Enjoy 62-75% Lower Taxes Compared to Nearby Submarkets
Discount to Replacement Cost | Over a 52% Discount to Replacement Cost Provides Great Basis for Lease-Up
Out-Sized Parking Ratios Out-Perform the Market | East-West Properties With 5.0+ Parking Ratio Average 95.3% Occupancy