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Chicago & Midwest  + Greater Chicagoland  + Office  |  November 9, 2018
Paul Bubny
By: Paul Bubny

Mission Capital Markets Elgin Complex for Special Servicer

Mission Capital Advisors’ asset sales group is marketing the Leslie Oaks Business Center, a 255,304-square-foot office and industrial complex in Elgin, IL. The Mission Capital team of Will Sledge, Kyle Kaminski and Rob Beyer is marketing the property on behalf of a CMBS special servicer.

The eight buildings comprising the property were constructed between 1988 and 1999. Nearly 90% of the complex’s square footage is office space. The property is just over 43% occupied, providing buyers with room to add significant value.

“We expect to receive a lot of interest from opportunistic, value-add buyers who recognize the favorable market dynamics,” said Kaminski. “With a strong foundation of in-place tenants, many who have been at the property long term, the complex will deliver immediate cash flow to the buyer.”

The property will be auctioned on the RealINSIGHT Marketplace platform, with the bidding window opening on Nov. 12 and closing on Nov.14.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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