Tuesday, April 1, 2008

HFF Named to Market Sale of One and Two Century Centre in Schaumburg, IL

CHICAGO, IL – The Chicago office of HFF (Holliday Fenoglio Fowler, L.P.) has been named to market for sale One and Two Century Centre, (One Century Centre photo above) two 11-story, Class A office towers comprised of 431,930 rentable square feet in Schaumburg, Illinois.


The HFF investment sales team is led by managing directors Jaime Fink and Jeffrey Bramson (photo at right below) and director Kenneth Glomb, who will market the property on behalf of the seller, Transwestern Investment Company. The property is listed without a formal asking price free and clear of debt.

Located at 1700-1750 East Golf Road, One and Two Century Centre are within the Schaumburg office market near the intersection of Interstate 90 and Interstate 290, immediately north of Woodfield Mall and in close proximity to the new Schaumburg Convention Center

“Century Centre, 95% leased to a diverse roster of tenants, has experienced over 375,000 rentable square feet of leasing activity since 2004, fueled by new tenant demand, internal tenant growth and existing lease renewals,” said Fink. “The property presents an opportunity to acquire a stable income stream with limited near-term lease rollover.”

“The superior location near Woodfield Mall, high visibility and design quality of One and Two Century Centre have lead to significant leasing activity and are a testament to the property’s prominence within the marketplace,” added Glomb.

Transwestern Investment Company, L.L.C. is a principal investment firm specializing in commercial real estate. Since its inception in 1996, Transwestern has acquired interests in over 440 office, retail, industrial and multifamily properties representing a gross investment of more than $10 billion.

CONTACTS:
Kenneth J. Glomb
HFF Director
312 528 3650

Jaime M. Fink
HFF Managing Director
312 528 3650

Laurie Fish McDowell
HFF Associate Director, Marketing
617 338 0990

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