Foreclosure Suit Filed Against Oak Brook Office Building

OAK BROOK, IL-A $27.6 million foreclosure lawsuit has been filed against a venture headed by developer John Buck for its loan on an office building located in Oak Brook.

By GlobeSt News Hub | October 26, 2011 at 01:01 AM

OAK BROOK, IL-A $27.6 million foreclosure lawsuit has been filed against a venture headed by developer John Buck for its loan on an office building located in Oak Brook. The lawsuit filed subsequent to the expiry of the property's mortgage with a balance amount worth $27.6 million.

The venture, which also includes McMorgan & Co. LLC, purchased the 184,017-square-foot property at 2011 York Road in 2000 for $40 million using a $31 million loan provided by Column Financial Inc. For the full story, go to Crain's Chicago Business .

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