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Colliers International’s Capital Markets Group Advises Germany-based Deka Immobilien on Acquisition of Chicago Trophy Office Property

Brand-new building will serve Mondelez International as new corporate office headquarters

CHICAGO, IL  – May 20, 2020  – Leading global commerical real estate services and investment advisory firm Colliers International has reported that its growing U.S. Capital Markets group has advised on the acquisition by Deka Immobilien (Deka) of 905 West Fulton Market. The new Mondelez’ corporate headquarters is a brand-new, long-term leased office building in Chicago’s sought-after Fulton Market District.

The asset was bought by Deka’s open-ended and dollar-denominated North America Fund (DINA) and marks its seventh US acquisition since its inception in 2016. Recent fund acquisitions include a boutique office building in Washington, DC at 1100 Vermont Avenue, a grocery-anchored shopping center in New Jersey’s premier retail submarket of Paramus, and last year’s purchase of the creative office property “6Y”, the fund provider’s first property in Portland, Oregon.

“In this current environment, it is essential to identify and secure opportunities in order to achieve stable and sustainable growth for our North America Fund," Deka Immobilien U.S. President Driss Oualkadi said in a statement. "Such a unique opportunity is given with this long-term leased, high-quality property, secured by a credit tenant. The property’s submarket, Fulton Market, has been the subject of a significant urban renewal and is now recognized as one of Chicago’s most upscale and exciting neighborhoods.”

Deka Immobilien was represented in the purchase of the 98,500-square-foot office building by Colliers’ Investment Advisory Group led by Senior Executive Vice President Robert Stamm and Senior Vice President Andres Roldan. The seller was Thor Equities, NYC.

Located at 905 West Fulton, the building will serve as global headquarters for global food and snack company Mondelez International, who followed other globally recognized corporations such as Google, Mc Donald’s, and Uber, who have also relocated their headquarters to the Fulton Market. 

“We are pleased with the successful completion of this off-market transaction”, added Stamm. “This long-term leased, best-in-class asset in a gateway location is the perfect fit for Deka’s DINA fund. We are looking forward to continue providing our proven advisory services to our client, as they further expand their commercial property portfolios in many prime markets across the U.S. for various funds.”