ITASCA, IL-Boston-based Long Wharf Real Estate Partners LLC is purchasing a 16-story office building at 1 Pierce Place and a 14-story office structure at 500 Park Blvd. in Itasca's Hamilton Lakes office park for approximately $74 million. The properties, totaling nearly 975,000 square feet, are being sold by a joint venture managed by Washington, DC-based Multi-Employer Property Trust.
Itasca-based Hamilton Partners developed the properties and it holds a minority stake in the buildings. Long Wharf is expecting to close the deal this week. For the full story, go to Crain's Chicago Business .
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