Michael Levy Of Crow Holdings Capital Acquires The Overlook At Oak Brook From John McCallion For $44M

The Overlook at Oak Brook, located at 1715-1775 West 22nd Street in Oak Brook, is a retail asset with a sale price of $44,000,000. The property encompasses 54,000 square feet and has a price per square foot of $815. It is nearly fully leased to national tenants and carries an eight-year weighted average lease term.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $44,000,000
• Buyer: Michael Levy - Crow Holdings Capital
• Seller: John McCallion - MetLife Investment Management
• Brokers: Alex Sharrin, Mohsin Mirza, Danny Kaufman, Michael Nieder, Brian Page & Danny Finkle - JLL
• Square Footage: 54,000
• Price Per Square Foot: $815

The acquisition was supported by investor confidence despite recent tenant bankruptcy restructuring, as the property reportedly appreciated about 7% since 2023. The transaction was executed as an all-cash deal, demonstrating the buyer's firm financial position in the market.