CHICAGO-A venture of Oak Brook, IL-based Inland Diversified Real Estate Trust Inc. has purchased an office building measuring 105,106 square feet at 887 Deerfield Pkwy. situated in northwest suburban Buffalo Grove for $20.5 million. A venture that includes Philip Marrone has sold the building.
Siemens A.G. has leased the office building, and with a renewal for five years the lease agreement will go up to 2026. Inland has generated $10.2 million by offering its shares and obtained another $10.3 million in loan to purchase the building. For the full story, go to Crain's Chicago Business.
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