BOLINGBROOK, IL-Phase I of the Creekside Corporate Center here has been sold by KPB Office LLC to a private placement investment fund. The property, totaling 98,100 sf, consists of two, single-story buildings located at 480 Quadrangle Drive and 270 Remington Blvd. Tenants at the facility include Tellabs, Allstate Insurance and ChoicePoint Services. CB Richard Ellis represented both sides in the deal.

“The Southwest Corridor office market continues to show its growing power through such deals as these,” says Mayor Roger Claar of Bolingbrook, pointing out that single-story office properties are very much in demand in this part of the metro area.

KPB has started construction of Phase II of the Creekside Corporate Center, which will consist of two office buildings totaling 75,000 sf. KPB is a partnership of Elgin-based PanCor Construction & Development and Wm. Krug Inc., a leasing, investment and development firm based in Lemont.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.