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Next Realty Adds to Single-Story Office Portfolio
An affiliate of Next Realty, LLC has acquired a single-story office building in north suburban Vernon Hills, an acquisition that expands the firm’s portfolio of single-story properties and furthers its Multi-Solution strategy. Terms of the transaction, made on behalf of Next Realty Fund IX, LP, were not disclosed.
Next Realty’s newest acquisition is a 47,000-square-foot office building located at 935 Lakeview Pkwy. in Vernon Hills. Its tenant roster includes Fred’s Pro Shop, Gavel International, The Riverside Foundation, Praxis Care and Thrive Chicago.
“As we emerge from the pandemic, single-story properties offer a competitive alternative to the traditional multi-story office buildings, with convenient direct access to individual tenant spaces and abundant parking,” said Eteri Zaslavsky, managing director, Next Realty.
Currently there are two adjacent vacancies of 4,700 and 4,200 square feet available for immediate occupancy. These spaces can be combined to create a space totaling approximately 8,900 square feet.
- ◦Sale/Acquisition
