Randolph Street Realty Capital David Scherer The Iroquois Club was developed in 1989 and has had only one previous owner. At the time of its acquisition the class B asset was 81% leased. Similar properties in Naperville have a 96% occupancy rate and the area has a limited new development pipeline. Furthermore, tenants in competing properties typically pay 10% to 15% more. Michael Episcope Randolph Street Realty Capital David Scherer The Iroquois Club was developed in 1989 and has had only one previous owner. At the time of its acquisition the class B asset was 81% leased. Similar properties in Naperville have a 96% occupancy rate and the area has a limited new development pipeline. Furthermore, tenants in competing properties typically pay 10% to 15% more. Michael Episcope
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
