The development is located at the southwest corner of LaGrangeRoad and Lincolnway Lane at 20606 S. LaGrange Rd. and 9645 W.Lincolnway Ln. Montes, Eric Spiess and Mitch Silverman, all withOak Brook, IL-based Inland Real Estate Sales, represented theseller in the sales transaction.
[IMGCAP(2)]The buyer "wants to diversify his portfolio in thesouthwest suburbs," Montes says. The property, which has office andretail space, is about 30% leased, Spiess says.
Tenants include Prudential Financial, Salon Rhapsody andFlectere Health and Tanning Center. The asking lease rate isbetween $18 per sf and $22 per sf, triple net, depending on thespace, Mantes says.
Continue Reading for Free
Register and gain access to:
- 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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
