 |
| Greenspoint Office Park, Hoffman Estates, IL |
CHICAGO, IL – HFF announced today that it has closed the
sale of Greenspoint Office Park, a three-building, Class A office
portfolio totaling 498,635 square feet in Hoffman Estates, a northwest suburb
of Chicago.
HFF
marketed the portfolio on behalf of the seller, Multi-Employer Property Trust
(“MEPT”).
Bentall Kennedy acted as
advisor to the seller. LPC Realty
Advisors, on behalf of a pension fund client, purchased the assets for $23.5
million free and clear of existing debt.
 |
| Jeff Bramson |
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).
53 percent leased overall, notable tenants include Vistex, Inc.,
Siemens, Arcadis, U.S., Inc. and Kimberly-Clark.
 |
| Jaime Fink |
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 investment sales team representing MEPT was led by senior managing
directors Jeff Bramson and Jaime Fink and director Mark Katz.
For a complete copy of the company’s news release, please
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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