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Tuesday, January 06, 2009 Office
Chicago, Ill.-based Bradford Real Estate Companies has sold a two-building portfolio in Carpentersville and Northlake, Ill., to Grubb & Ellis Realty Investors, LLC. Bradford was represented in the deal by Tom May of May Center Advisors. The two buildings span 8,250 square feet and are both fully leased to JP Morgan Chase. The Carpentersville building is located at 21 S. Western Ave. and contains 4,400 square feet. It is situated on one acre of land within the Spring Hill Mall Regional Trade Zone. The Northlake building is located at 100 W. North Ave. and contains 3,850 square feet. Built in 2007, it is situated on 24,000 square feet of land and is bordered by single-family homes to the east and west. The acquisition was made on behalf of a private investor participating in Grubb & Ellis' newly launched Wealth Management Program. The firm made its first acquisition for the program last month with the purchase of 5202 Presidents Court in Frederick, Md., and the TIAA Building in Broomfield, Colo. Address: 21 S. Western Ave., Carpentersville, Ill. - 100 W. North Ave., Northlake, Ill. Size: 8,250 square feet Built: 2007 Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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