L.J. SHERIDAN BROKERS $8.8 MILLION OFFICE SALE

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ITASCA, ILL. — L.J. Sheridan & Co. has brokered the acquisition of a 75,000-square-foot office building, located at 425 Spring Lake Dr. in Itasca, for $8.8 million. The buyer, Gift of Hope Organ & Tissue Donation Network, plans to expand into the new building from its old location in Elmhurst, Ill. The new building will be retrofitted for general office, medical and laboratory uses. Representing Gift of Hope was Patrick Caruso of L.J. Sheridan. Mark Smith of CB Richard Ellis represented the seller, Falcon Real Estate Investment Co. Gift of Hope plans to occupy the new facility by the fourth quarter of 2009. L.J. Sheridan is currently marketing its previous office.

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