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Colliers arranges sale of Rosemont Corporate Center to the Village of Rosemont

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Colliers’ Jon Connor and Francis Prock represented KORE Investments (KORE) in the sale of Rosemont Corporate Center, 9501 Technology Blvd. in Rosemont, Illinois, to the Village of Rosemont for $13.0 million.

The Village plans to renovate the 121,000-square-foot office building before moving municipal employees to the property in 2023.

KORE Investments purchased the building from the original developer, Ryan Companies, in 2021 for $6.5 million. As part of its corporate service mission, KORE aspires to give 10% of its profits back to charitable organizations nationally and globally. KORE will direct a percentage of proceeds from this transaction to inner city youth programs like the Chicago Scholarship Foundation and Breakthrough Urban Ministries, among others.

Mark Offit with Braden Real Estate represented the Village of Rosemont in the transaction. 

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Jonathon Connor

Senior Vice President

Chicago - Rosemont

Jonathon is a Senior Vice President with the Colliers | Chicago Suburban Office Advisory Group, working on behalf of institutional and regional investors to develop value-creating leasing and investment strategies through the acquisition, marketing and disposition of office space throughout suburban Chicago.  Jonathon also works with corporate office users to generate and implement creative real estate solutions that align with the business interests through cost reduction, management of occupancy risks, and maximization of flexibility and workplace efficiencies.

Jonathon started his career in the Colliers Real Estate Management Services group, focusing on the management of industrial portfolios for institutional property owners.  In 2009, he transitioned to the Distressed Asset Team, leading the management and leasing of a 3 million square-foot portfolio of troubled assets across the Midwest.  This team was also engaged to work as court-appointed receivers, and established best practices for operating and leasing challenged real estate.

This background in asset and property management provides Jonathon with a critical understanding of how commercial real estate leases are analyzed throughout the investment cycle, from acquisition and lease-up to disposition.  Jonathon has successfully completed over 350 transactions valued at over $500 million.

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Francis Prock

Principal

Chicago - Rosemont

Numerous leading office building owners and developers in Suburban Chicago rely on my extensive market knowledge and expertise to develop and execute their strategic marketing plans. I have specialized in office leasing since 1998 and, along with my partner Steve Kling, have completed approximately 3,500 real estate transactions for a total value of $8 billion.
 
My experience includes representing entrepreneurial owners and developer clients such as Hines, CBRE Global Investors, Equus Partners and Highland Management to the publicly traded Equity Commonwealth REIT and the institutional ownership of Colony Realty Trust, AEW, Massachusetts Mutual Life Insurance Company, Principal Financial, Prudential, RREEF, GE Capital and Allstate. My ultimate goal for my clients is to maximize the value for the asset and service the client.

I became a principal of Colliers International | Chicago in 2007 and share oversight of the Suburban Office Advisory Group. 

Prior to joining Colliers in 2003, I spent 10 years at Grubb & Ellis Company and six years working with owner-developer William A. Rogers, Inc., gaining experience and market knowledge representing both landlords and tenants.

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