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Chicago & Midwest  + Greater Chicagoland  + Net Lease  | 
Parkland Preparatory Academy Bartlett IL

Net-Leased Prep School Campus Fetches $7M

Marcus & Millichap has arranged the sale of Parkland Preparatory Academy, a 20,000-square-foot net-leased property in Bartlett, IL. The asset sold for $7,100,000. 

Jeff R. Rowlett of The Rowlett Group in Marcus & Millichap’s Milwaukee office marketed the property on behalf of the seller, a limited liability company.  The buyer, also an LLC, was secured and represented by Rowlett and Matthew Gordon, investment specialists in Marcus & Millichap’s Milwaukee office.  The llinois broker of record, Steven Weinstock, assisted in closing this transaction. 

Parkland Preparatory Academy is located at 2220 Southwind Blvd. in Bartlett, which straddles Cook, DuPage and Kane Counties.  The school was built-to-suit in 2020 and represented a relocation from Streamwood, IL. There are approximately 14 years remaining on the lease term. 

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Marcus & Millichap's Rowlett

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 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