Accesso Buys 50% of the Esplanade

CHICAGO—Accesso Partners LLC has just acquired a 50% ownership of the Esplanade at Locust Point, a portfolio of four class A office and R&D buildings in suburban Downers Grove with a total of 1,054,838-square-feet, from Hamilton Partners. The Hallandale Beach, FL-based Accesso, formerly known as Beacon Investment Properties, LLC, has been quite bullish on the region. In just the last 18 months, it has bought or invested in seven class A office properties in Chicagoland, including several from the Itasca, IL-based Hamilton.  

As reported in GlobeSt.com, it acquired Riverwalk II, a 12-story, class A office tower in Buffalo Grove, from Hamilton, from which it also purchased the 20 N. Clark office tower in downtown Chicago. Accesso also recently bought the 210,774-square-foot Park Plaza building in Naperville for about $24 million.