JLL Brings to Market Anixter Center Property
Premier investment opportunity in Chicago’s Clybourn Corridor
CHICAGO, October 3, 2016 – JLL has been retained by Anixter Center, one of the largest nonprofit organizations in the Chicago area serving people with disabilities, to bring its 2001 N. Clybourn property to market. The site, a four-story, 27,000-square-foot timber loft office building, currently houses Anixter Center’s administrative and executive offices, along with its National Lekotek Center and Chicago Hearing Society (CHS) divisions.
JLL’s Development and Asset Strategy team is leading the marketing efforts.
“This offering represents a great opportunity in Chicago’s bustling Clybourn Corridor, which is experiencing tremendous resurgence,” said Tom Kirschbraun, Managing Director for JLL. “This is a chance for investors and developers to bring new life to a building that sits in one of the city’s strongest real estate submarkets.”
Since 1995, the building has been home to Anixter Center operations.
“For almost a century, Anixter Center has been evolving its programs and locations to best serve its clients,” said Dr. Teresa Garate, President and CEO of Anixter Center. “This move represents the future of disability services. We believe that now is the time to move our services to convenient locations closer to where our clients live, learn, work, and play.”
This is an opportunity for investors and developers to acquire an asset in an unparalleled location. The rejuvenation of the transit-rich Clybourn Corridor has been fueled, in part, by the growing number of retailers, including an Apple Store, REI, Target and the recent New City development, a lifestyle, shopping, dining and entertainment district.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv. For more information about Anixter Center, go to www.Anixter.org.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
Contact: Lesley Long
Phone: +1 312 228 2112
About Anixter Center
Anixter Center is one of the largest nonprofit organizations in Chicago serving people of all ages with disabilities and related health challenges. Through more than 30 programs at dozens of locations across the greater Chicago area, Anixter Center touches the lives of more than 8,000 children, teens and adults each year. The vast majority of people served by Anixter Center and its three divisions—CALOR, Chicago Hearing Society (CHS) and National Lekotek Center—live below the poverty line. To learn more, please visit www.Anixter.org.
Contact: Daniel Summins
Phone: 773-973-7900, ext. 226