Valley Equity Group Purchases Property In Westmont For $18.9 Million With Derek Fohl As Seller's Representative

The sale of the Oakmont Corporate Center and One Oakmont Plaza took place at 999 Oakmont Plaza Dr, Westmont, IL, with a transaction price of $18,900,000.00. The Oakmont Corporate Center is a four-story office building encompassing 74,279 square feet and is currently 95 percent leased. One Oakmont Plaza, a six-story building, features 117,841 square feet and is fully leased at 100 percent occupancy. Both properties are located on five-acre sites and have recently undergone lobby renovations.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $18,900,000.00
• Address: 999 Oakmont Plaza Dr, Westmont, IL
• Market: Westmont
• Seller's Representatives: Derek Fohl, Bill Novelli, and Pete Adamo - CBRE
• Buyer: Valley Equity Group
• Total Square Footage: 192,120

Bill Novelli, Derek Fohl, and Pete Adamo of CBRE represented the undisclosed seller in this transaction. The buyer, Valley Equity Group, acquired the portfolio of both office buildings situated strategically about 23 miles west of Chicago.