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Chicago & Midwest  + Greater Chicagoland  + Office  | 

Naperville Offices Trade at High Price-Per-Square-Foot

Cawley Chicago VP Ryan Freed recently completed the sale of 651 Amersale Dr., a 7,800-square-foot, free-standing office building in Naperville, IL. The building sold for $1,677,000, which is $215 per square foot.

“This sale came down to the adage, ‘location, location, location,’ said Freed. “651 Amersale Dr. was not on the market; however, the buyer had a location-driven requirement which led to one of the highest price-per-square-foot sales for a stand-alone office building in the past five years.”

Leibel Moscowitz of Vandon Forbes represented the buyer, Chabad of Naperville, while Ryan Freed represented the seller, American Sale.

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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).

  • ◦Sale/Acquisition