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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.

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