• Maintained occupancy levels at or above 90 percent throughout term of ownership
• Oversaw rent-rate growth consistent with market trends
• Recognized the value and redevelopment potential of a stable, 8-acre office park in the much-sought-after O'Hare-area office market
JCF Real Estate, in 2001, acquired, through the creation of a related ownership entity, the Interpark Office Complex, a collection of 12 single-story building totaling 165,000 square feet located on Bryn Mawr Avenue near Cumberland Avenue in the heart of the O'Hare office market. While maintaining exemplary occupancy levels and rental rates, JCF continues to monitor market trends which would indicate any development opportunities.
JCF Real Estate, through its affiliated entity, acquired in 2001 the Interpark Office Complex - 12 single-story office buildings uniquely located within the much-sought-after O'Hare office market. With rental rates averaging $6 to $12 lower per-square-foot than nearby high-rise buildings, JCF has maintained occupancy rates at or above 90 percent throughout its term of ownership. Tenants range in size from 800 square feet to more than 18,000 square feet.
True to the company's "buy right" philosophy, JCF Real Estate acquired Interpark with the intention of building the property's long term value through aggressive and proactive management, capitalization rate valuation and the intrinsic value of the redevelopment opportunities.
The property continues to support healthy returns and the value of the property continues to grow.