Cornerstone Real Estate Advisers Buys Highland Landmark V

CHICAGO-Cornerstone Real Estate Advisers LLC, a pension-fund adviser based in Hartford, Connecticut, has purchased Highland Landmark V, an eight-story office building spanning 251,235 square feet at 3005 Highland Ave. in Downers Grove, from Opus Development Corp.

By GlobeSt News Hub | March 29, 2011 at 01:01 AM

CHICAGO-Cornerstone Real Estate Advisers LLC, a pension-fund adviser based in Hartford, Connecticut, has purchased Highland Landmark V, an eight-story office building spanning 251,235 square feet at 3005 Highland Ave. in Downers Grove, from Opus Development Corp. The company has acquired the property on behalf of an unidentified client.

Terms of the deal were not disclosed, but market sources have estimated the building value at $69.6 million or $277 per square foot. The property is fully leased to Dover Corp. and DeVry Inc.For the full story, go to Crain's Chicago Business.

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