Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Investment Platform Focuses on Single-Story Office in Chicagoland
Jonathan Berger and Josh Silverglade, principals of The Equitable Funds, have acquired the Remington Office Court, a four-building, single-story office campus at 1305-1375 Remington Rd. in Schaumburg, IL. The acquisition expands the focused effort of the firm’s principals to acquire, own and manage single-story office properties throughout Chicagoland.
In conjunction with the acquisition, The Equitable Funds named NAI Hiffman’s Steve Chrastka and Jason Wurtz the leasing agents of Remington Office Court. One Story LLC, a property management firm recently formed by Berger and Silverglade, will manage the asset.
Remington Office Court totals approximately 83,370 square feet. At acquisition, the property was approximately 90% leased.
“Move-in ready suites for the smaller tenants are not readily available in this market,” said Silverglade. “We’ve developed an investment thesis to leverage these attributes and provide tenants with an amenity-rich, cost-effective and flexible alternative.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
- ◦Lease
