Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO—The owners of the Farnsworth Corporate Center – a 38,000-square-foot office property located at 1000 & 1050 Corporate Blvd. in Aurora, Illinois – have decided on an unusual approach to a familiar problem on today’s commercial real estate landscape. With high vacancies and market rents well below their levels in 2003, (the year the owners acquired the property), they realized that continued ownership of the property was not an option, but they also wanted to take a shot at recouping some of the equity that went into buying the property. Therefore, on November 7, 2013, the property will get auctioned off to the highest bidder in a sale conducted at The Union League Club of Chicago, 65 W. Jackson Blvd., Chicago, Illinois at 11 AM. The lender-sanctioned, pre-deed-in-lieu-of-foreclosure auction will start without a minimum or reserve.

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?


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.