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Chicago & Midwest  + South Side  + Office  |  July 10, 2020
Paul Bubny
By: Paul Bubny

Offices Leased to State Agency Trade on Southwest Side

Marcus & Millichap arranged the sale of a single-tenant office building on Chicago’s Southwest Side leased to the Illinois Department of Human Services. The 38,747-square-foot property sold for $3,450,000.

A Chicago Oak Brook-based team, of first VP Adrian Mendoza and SVPs Austin Wiesenbeck and Sean R. Sharko marketed the property on behalf of the seller, a fund manager.  The buyer, a private investor, was secured by Mendoza, Weisenbeck and Sharko.

Illinois Department of Human Services is located at 1642 W. 59th St. in the West Englewood neighborhood, and is one of Illinois’ largest agencies with more than 13,000 employees. The Marcus & Millichap team overcame multiple hurdles, including 1.5 years of remaining lease term. The property received multiple offers and was sold to a Chicago-based private investor.

For comments, questions or concerns, please contact Paul Bubny

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Connect With Marcus & Millichap's WeisenbeckConnect With Marcus & Millichap's MendozaConnect With Marcus & Millichap's Mendoza

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).
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  • ◦Lease