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TA Buys 115,000-SF Building for Nearly $19M

WESTMONT, IL-Oakmont Circle One is 90% leased, with tenants including JP Morgan Chase & Co. and KeyBank.

By Gina Kenny | Updated on April 28, 2008

WESTMONT, IL-TA Associates Realty LLC, headquartered in Boston, is buying Oakmont Circle One, 601 Oakmont Ln., here. The buyer is acquiring the 115,000-sf office building from Duke Realty Corp., which is based in Indianapolis. The sales price was $18.8 million, sources say. Duke acquired the building in June 1999 for $16.3 million, sources say.

Daniel O’Neill and James Adler, both EVPs with NAI Hiffman’s office brokerage group, were the sole brokers in the sales transaction. The buyer was interested in the property “as they continue to build their portfolio here in Chicago,” says Dave Petersen, COO of NAI Hiffman.

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