HANNAY REALTY ADVISORS IS PLEASED TO ANNOUNCE THE PURCHASE OF ONE O’HARE CENTER IN ROSEMONT (CHICAGO), ILLINOIS

Phoenix-based Hannay Realty Advisors (www.hannayra.com) is pleased to announce that it has acted as an advisor to MDC Realty Advisors (http://mdcproperties.ca) and Nicola Crosby (http://nicolacrosby.com) on the purchase of One O’Hare Center, a 380,360 square foot Class A office asset located in an irreplaceable location within the O’Hare submarket in the greater Chicago area. The property offers immediate access to O’Hare International Airport and a centralized location in the Chicago region with direct connections to major interstates in all directions, excellent mass transit access, and a short commute to downtown Chicago.

With this transaction, Hannay has now acted as an advisor on over $500 million in commercial property acquisitions since 2012. “We are very pleased to add One O’Hare Center to our growing management portfolio in the Chicago Market. The property is a trophy quality Class A asset with an irreplaceable location and strong tenant roster. We are actively looking for future acquisition and co-investment opportunities in the Chicago area and throughout the western US, with a focus on quality retail centers and core to core plus office properties”, said company president Craig Hannay. Hannay will provide the asset and property management services for the building, adding to Hannay’s growing management portfolio. Hannay’s portfolio of office and retail properties under management is now over 13 million square feet.

ABOUT HANNAY REALTY ADVISORS

Hannay Realty Advisors is a 25-year old privately-owned commercial real estate services and investment firm based in Phoenix, Arizona. The company currently manages approximately 13 million square feet of commercial properties with offices in Arizona, California, Colorado, Illinois, Washington, and Nevada. Hannay’s unique ability to co-invest with its investors, when required, provides greater flexibility and additional opportunities for their acquisitions program. Hannay’s management, and investment expertise in retail, office, and industrial properties makes them one of the industry leaders in the western United States. Hannay Realty Advisors provides “Institutional Resources and Local Market Knowledge.”

The asset and property management contact for One O’Hare Center is Bruce Backstrom, Chief Operating Officer in Hannay Realty Advisors, bbackstrom@hannayra.com (720) 399-1461. For commercial real estate acquisition opportunities, the contact is Christopher Lacasse, Senior Associate, Acquisitions at Hannay’s headquarters in Phoenix, Arizona, clacasse@hannayra.com (602) 374-2000.

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