Premier Place benefits from its proximity to executive housing, lifestyle amenities and key transport links. Abundant Amenities. Transit Oriented. Executive and Employee Housing. Strong Market Fundamentals.
The Asset’s submarket enjoys unparalleled accessibility to top-tier executive and employee housing, such as the Highland Park, University Park, and Uptown neighborhoods. With walkable access to high quality lifestyle amenities.
The Asset provides an attractive return profile with upside potential through a 21% mark-to-market of existing tenants while also offering meaningful downside protection. The Asset is over 90% leased to 60 largely credit tenants and has maintained strong historical occupancy through various economic cycles.
The Sponsor, GlenStar, is an experienced, repeat partner with extensive market knowledge. The Chicago and Dallas based operator has acquired over $1.6bn of real estate, which includes the redevelopment of Energy Square, a 950k sf, 4-building office complex located less than 5 minutes from the Asset.
Our private equity firm targets opportunities in markets that have demonstrated substantial increases in population and job growth and continue to exhibit attractive long-term demographic indicators.
