Monday, October 20, 2008

Grubb & Ellis Represents ACCO Brands Corporation in Sale of Northbrook Office Building

CHICAGO, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented ACCO Brands Corporation in the sale of 56,700 square feet of Class B office space at 1135 Skokie Blvd. in Northbrook to Stepan Chemical Company.

Senior Vice Presidents Louis Hall, (top right photo) Dirk Riekse (top left photo) and Chad Galayda (bottom right photo) managed the transaction.

“The building is in a phenomenal location with signage visible from the Edens Expressway,” said Hall. “Given the state of the market, the economics of buying the property worked out well for Stepan, which leased its prior location.”

ACCO Brands Corporation owns General Binding Corp., a manufacturer of office supplies for binding, lamination and other presentation products. GBC occupied the building prior to the sale.

Hall, along with John Best of Grubb & Ellis’ affiliate Grubb & EllisBest/White, also recently represented ACCO Brands in the sale of a 356,000-square-foot manufacturing and distribution facility in Nogales, Mexico, to ITT, a technology and engineering company.

Stepan Chemical Company, which was represented by Cushman & Wakefield, is a global manufacturer of specialty and intermediate chemicals used in consumer products and industrial applications.

Contact: Erin Mays, Phone: 312.698.6735. Email: erin.mays@grubb-ellis.com

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