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| 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.
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| 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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