Chatham Centre Office Building Sold for $27.9 Mil

SCHAUMBURG, IL-Major purchase launches East Coast-based firm into Chicago area office market.

By Bonnie Grota | Updated on December 15, 2000

SCHAUMBURG, IL-Boston-based New Boston Fund has bought Chatham Centre, a 205,650-sf office building, and an adjacent 5.3-acre development site in northwest suburban Schaumburg for a total of $27.9 million. This marks the firm’s entry into the Chicagoland market.

The 11-story Chatham Centre is a multi-tenant office building at 1901 N. Roselle Rd., the southeast corner of Roselle and Interstate 90. It was 97% leased at the time of sale. The adjacent site could accommodate a 219,000-sf facility, which could be used for office, hotel, retail, health or entertainment purposes.

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