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WHEELING-A vacant 43,160-sf office building at 1400 S. Wolf Rd. has been acquired by an insurance company for $2.4 million. The new owner of the building in Corporate Square Business Park is Northbrook-based 1400 Wolf Road LLC, which bought it from Podco 1660 Wolf Associates.

Property records indicate financing came from Harris Bank of Naperville, which provided a $1.8-million adjustable-rate mortgage at an initial rate of 4.25%.

“The property was a vacant, single-tenant corporate headquarters, and the buyer was growing rapidly from its current 12,000 sf space and needed about 30,000 sf,” says John R. Homsher, who was part of the entity that sold the building. “Although this building is larger, the buyer felt they would fill it completely in less than a year.”

Julien J. Studley corporate managing director Brian Netzky represented the buyer in the transaction.

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