Sunday, November 4, 2012

HFF named to market sale of Greenspoint Office Park in suburban Chicago



Jeff Bramson
 CHICAGO, IL – HFF announced it has been named to market for sale Greenspoint Office Park, a three-building office portfolio totaling 498,635 square feet in Hoffman Estates, a northwest suburb of Chicago.

                HFF is marketing the property on behalf of the seller, Multi-Employer Property Trust (MEPT).  Bentall Kennedy, real estate advisor to MEPT, engaged HFF for the assignment on behalf of MEPT.  The buildings may be purchased as a portfolio or individually.


Jaime Fink
Greenspoint Office Park is comprised of Barrington Pointe (148,385 square feet), Greenspoint I (202,838 square feet) and Greenspoint III (147,412 square feet).  The portfolio is 41 percent leased overall.

 Notable tenants include Vistex, Inc., Siemens, Arcadis, U.S., Inc. and Kimberly-Clark.  The properties are located at 2300 North Barrington Road, 2800 West Higgins Road and 2895 Greenspoint Parkway at the interchange of Interstate 90 and Barrington Road in the northwest suburban market. 
                The HFF team representing MEPT is led by senior managing directors Jeff Bramson and Jaime Fink and director Mark Katz.


Mark Katz
“This is a unique opportunity to acquire trophy real estate that has been institutionally owned and maintained and will benefit from a rapidly strengthening market.  The northwest market has recorded nearly 500,000 rentable square feet of positive absorption year-to-date and is experiencing one of its strongest performances in the last decade,” said Katz. 

“The Class A buildings have all attained LEED® Certification and feature some of the highest quality finishes in the northwest submarket.  The impeccably maintained park features a beautiful three-acre lake, walking trails and well-manicured landscaping,” added Katz. 

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com


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