New owners of the Presidents Plaza office complex near Chicago’s O’Hare International Airport are ready to spend millions of dollars sprucing up and re-leasing the two towers after a $62 million sale that came at a big financial hit to the property’s lender and previous equity investor.
After big price reset, new owners of office complex near Chicago’s O’Hare airport are ready to upgrade
Two-tower Presidents Plaza gets cash infusion as part of $62 million recapitalization deal
By Ryan Ori
CoStar News
October 29, 2024 | 2:16 P.M.
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IN THIS ARTICLE
- Properties
- Presidents Plaza I
8600 Bryn Mawr Ave, Chicago, IL
- Presidents Plaza II
8700 Bryn Mawr Ave, Chicago, IL
- Companies
- TPG Angelo Gordon & Co., L.P.
Finance and Insurance
- Glenstar Properties LLC
Real Estate