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Chicago & Midwest  + Chicago  + Greater Chicagoland  + Illinois  + Office  | 

Marcus & Millichap Arranges Sale of 46K SF Palatine Office Building

Marcus & Millichap closed the sale of Palatine Center, a 46,095-square-foot office property located in Palatine, Illinois, for $5 million.

Tammy Saia, first vice president, and Tami Andrew, associate, both investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company located in Texas, was secured by Andrew and Saia.

Located at 865-909 E. Wilmette Road, the 46,095-square-foot, single-story campus comprises three buildings and accommodates five tenants. The property was 100 percent occupied at the time of sale, with 85 percent of tenants at the location for 17-27 years. The anchor tenant, a specialized school providing programming tailored to student needs, occupied most of the space.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.