CHICAGO – December 1, 2016 – The Chicago office of CBRE assisted New York-based Clarion Partners, LLC in executing two leases: one totaling 66,720 square feet at a property located at 3250 N. Oak Grove Avenue and the second for 31,130 square feet at a property located at 3210 North Grove Avenue in Waukegan, Ill. Clarion Partners acted on behalf of a commingled fund managed by the firm.
Ryan Bain, Zach Graham and Tom Harmon of CBRE represented the landlord in both transactions. The tenant for the 10-year lease of the space at 3250 N. Oak Grove Avenue, also represented by Bain, Graham and Harmon, was, Atturo Tires.
K International, Inc. was the tenant for the three-year lease at the 3210 N. Oak Grove Avenue property; Tom Boyle and Jared Paff of Transwestern represented the tenant.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Clarion Partners, LLC
Clarion Partners, an SEC registered investment adviser, FCA authorized manager and FINRA member firm, has been a leading U.S. real estate investment manager for more than 34 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC. With $43.1 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.
