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Bensenville Office Complex Draws Buyer from California
Marcus & Millichap brokered the $6.75-million sale of the Hartford Business Centre, a 66,853-square-foot, multi-tenant office complex at 729-765 N. Route 83 in Bensenville, Ill., a western suburb of Chicago. The property garnered multiple offers and closed at nearly full list price.
VP investments Peter Doughty and associate Brent Holder, both based in Marcus & Millichap’s Chicago Downtown office, represented the seller, a California-based private investor. The buyer, a local private investment fund, was represented by Avison Young.
“The transaction was a win-win for both buyer and seller and underscores the appeal of the O’Hare submarket, where robust industrial development is also driving demand for office space,” said Doughty. “Hartford Business Centre was a compelling investment due to both its current operation as a multi-tenant, incubator-style office as well as its long-term redevelopment prospects in a prime location next to O’Hare.”
- ◦Sale/Acquisition
