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Chicago & Midwest  + Greater Chicagoland  + Office  | 

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.” 


Inside The Story

Marcus & Millichap's Doughty

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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