Jan 04, 2024 | Posted by Abdul-Rahman Oladimeji
Wells Fargo recently sold 7001 Westown Parkway and 1725 68th Street, which had been listed on its site for a combined $16.5 million, to commercial and residential brokerage WB Realty Co. A JLL sales brochure described the property as offering 36,230 square meters of office space, along with an underground data center.
The brochure notes, “A unique feature of this facility was the 36,000 sq ft data center located beneath the parking lot – one of the first in this area located totally underground. It also incorporates a unique waterproofing system whereby the entire structure is essentially encased in a rubber membrane.”
Ryan Wiederstein, owner of WB Realty Co., said, “We are excited to provide businesses with this Class A office opportunity in a thriving business environment. The 7001 Westown Parkway vacancy now stands as the largest available office space in a single building in the western suburbs market.”
Brittany Freund, WB Realty’s senior vice president of commercial real estate, said in a prepared statement, “The decline in new construction is expected to drive demand for existing high-quality office spaces. This demand, along with attractive rental rates, will position 7001 Westown Parkway as a key choice for businesses looking for Class A office space.”
