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ACCO Brands Sells 56,700-SF Office Building

NORTHBROOK, IL-The office products company unloaded its property at 1135 Skokie Blvd. to global chemical manufacturer, Stepan Chemical Co., for $6.5 million.

By Cari Brokamp | Updated on October 17, 2008

NORTHBROOK, IL-Office products company ACCO Brands Corp. has sold its 56,700-sf building at 1135 Skokie Blvd. to global chemical manufacturer Stepan Chemical Co. for $6.5 million. ACCO sold the Class B building as part of a consolidation of office space following its purchase of General Binding Corp., which formerly occupied the building.

Grubb & Ellis SVPs Louis Hall, Dirk Riekse and Chad Galayda represented ACCO in the sale, while Cushman & Wakefield represented Stepan. “Our building lends itself to increased visibility for Stepan, because of the signage,” Hall tells GlobeSt.com. “For what we sold it for, the economics were still strong for them to purchase rather than lease. It has identity, close proximity to their existing headquarters, and it was the right size for them.”

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