Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BENSENVILLE, IL-A two-building, 86,080-sf office property at 1101-71 Tower Lane has been sold for $14.1 million, slightly above its asking price. Indianapolis-based HDG Mansur Investment Services acquires the redeveloped Thorndale Corporate Center with US Cellular on a long-term lease.

HDG Mansur Investment Services financed its purchase with a $9.9-million loan from PB Realty Services, according to property records.

Under the nearly four years of ownership by a Lombard-based limited partnership, the 24-year-old Thorndale Corporate Center underwent renovations this year and in 2001 to suit US Cellular’s needs for an operations and data center. The property, which is located on 6.7 acres northwest of Route 83 and Thorndale Avenue, is now considered a class A office asset.

A CB Richard Ellis team that included William Novelli Jr., Mark Hellwig and Kevin Rogers brokered the deal.

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?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.