LOMBARD, IL-Fairfield Court, a one-story office building in the East-West Corridor, has sold for $1.3 million, or just under $100 per sf. Besides being located near I-88 and I-355, the 18-year-old property on four acres at 500 W. 22nd St. got high marks for its condition.

“Investors are continually looking for properties that provide stability with a strong return on investment,” says Sperry Van Ness/AML Commercial Real Estate Advisors senior advisor Albert M. Lindeman, who represented Downers Grove-based APEX 500 LLC. “The buyer was attracted to this property because of the premier condition and ideal location.”

Michael Van Zandt of NAI Hiffman represented Oak Brook-based Private Trust. Property records indicate the acquisition of the 13,180-sf building was financed with a $1.1-million mortgage from Charter One Bank.

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