First Acquisition in Chicago

October 15, 2015
Purchased: 2015
Spire US LP Equity Interest: 50%

Nicola Crosby, a subsidiary of Nicola Wealth Management, is pleased to announce the acquisition of One O’Hare Centre, an exceptional Class A suburban office building situated in the O’Hare submarket of Chicago, acquired in partnership with MDC Realty Advisors. One O’Hare Centre is comprised of 380,360 SF and is leased to a variety of tenants including Reyes Holdings, Colliers International, First Union Rail, and Metal One America. Its location offers immediate access to O’Hare International Airport and is 20 minutes from downtown Chicago. The property has a first class suite of amenities that include a full service concierge, fitness center, café, sundry shop, laundry service, car wash, video-conference facilities, shuttles to airport & trains, and 24-hour manned security. Currently 96% leased, this acquisition provides secure, in-place cash flow with rental growth opportunity.

Special Thanks To:
Joint Venture Partners – MDC Realty Advisors & Hannay Realty Advisors
Broker – Paul Lundstedt, Dan Deuter & Tom Sitz (CBRE Chicago)
Financing – Peter Marino & John Parrett (CBRE Chicago)

For more information, please contact any of the following:

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth.  Our team acquires and manages properties for Nicola Wealth’s real estate portfolios.  We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”