MOUNT PROSPECT AND ALGONQUIN, ILL. — CB Richard Ellis has brokered the sale of 81,480 square feet of Chicagoland office space. In Mount Prospect, Ted Buenger, Tom Rusthoven and Rob Graham of the firm were the sole brokers in the sale of a 64,080-square-foot office building located at 1601 Feehanville Dr. within Kensington Center Business Park. The single-story structure is situated on an approximately 6-acre site, and is 42 percent occupied to a tenant mix that includes the National Sporting Goods Association, Low Incidence Cooperative Agreement, Primerica Financial Services and the Engineering Export Promotion Council.
In Algonquin, Buenger, Rusthoven and Gary Fazzio were the sole brokers in the sale of a 17,400-square-foot office building located at 2284-2298 County Line Rd. The single-story building is solely occupied by Advocate Health and Hospitals Corp. The property sold at a capitalization rate of 6.6 percent. The sellers and buyers in both transactions were undisclosed.
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