ROLLING MEADOWS, ILL. — GlenStar Properties LLC has acquired Continental Towers, a 910,796-square-foot office complex in Rolling Meadows, located about 28 miles northwest of Chicago. Glenstar reportedly purchased the property with Walton Street Capital LLC for $58.5 million. The three-tower office complex was acquired from CW Capital on behalf of the owner, 1701 West Golf Road Holdings LLC. Glenstar plans to invest $8 million in capital improvements, which will include an overhaul of the driveways, entranceways, parking lot and landscaping. Signage, restrooms, tenant corridors and lobbies will also be upgraded. Tenants at the property include Komatsu America Corp., the Lincoln National Life Insurance Co., Advocate Health Partners, Fifth Third Bank and Chicago Title Insurance Co.
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