Friday, October 3, 2008

Marcus & Millichap Sells $10.7M Office Building in Lisle, IL

LISLE, IL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Corporate Lakes I (top right photo), a 79,211-square foot three-story office building in Lisle.
The sales price is $10.7 million.

David Tarnoff, a vice president investments in the Chicago office of Marcus & Millichap, and Howard Wiese, (top left photo) a vice president investments and a senior director of the firm’s National Office and Industrial Properties Group, represented the seller. The team also represented the buyer.

“Corporate Lakes I is a well-maintained, fully leased office building and 70 percent of the property is occupied by national or credit tenants in a high-growth corridor,” says Wiese.

Located at 2525 Cabot Drive, the office building is situated on 6.63 acres, along Warrenville Road with convenient access to both Interstates 88 and 355, as well as many retail businesses, including more than 20 restaurants and numerous full-service and limited-service hotels.

Press Contact: Stacey Corso, Communications Department , (925) 953-1716

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