Steve Emerson Of Dry Creek Capital Partners Acquires Non-Performing Loan From Jonathan Slager For $26.5M

Dry Creek Capital Partners acquired a non-performing loan tied to the 530,000 square feet O’Hare International Center located at 10255 & 10275 West Higgins Road in Rosemont. The transaction involved a sale price of $26,500,000, representing a price per square foot of $50.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $26,500,000
• Buyer: Steve Emerson - Dry Creek Capital Partners
• Seller: Jonathan Slager - Bridge Investment Group
• Market: Rosemont
• Square Footage: 530,000
• PPSF: $50

Steve Emerson represented Dry Creek Capital Partners in this deal, while Jonathan Slager represented Bridge Investment Group. This transaction marks Dry Creek's second engagement with distressed debt near O'Hare, following their acquisition of a 210,000 square feet office in Elk Grove Village earlier this summer.