David McDonald Of OSI Group Acquires Office Park From Joe Miller Of Twenty Lake Holdings For $7.5M

The property asset involved in the transaction is an office building located at 27201 Bella Vista Parkway in Warrenville. The asset spans 149,000 square feet and was sold for $7,500,000, resulting in a price per square foot of $50.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,500,000
• Buyer: David McDonald - OSI Group
• Seller: Joe Miller - Twenty Lake Holdings (affiliate of Alden Global Capital)
• Square Footage: 149,000
• Price Per Square Foot: $50
• Transaction Date: 05/15/2025
• Market: Warrenville

The deal reflects a significant transaction between David McDonald, representing OSI Group, and Joe Miller, representing Twenty Lake Holdings. Twenty Lake Holdings experienced a $1.3 million loss on its 2020 purchase of the property. The transaction indicates ongoing challenges in Chicago’s suburban office market, with recent leasing activity hinting at a potential recovery.