CHICAGO—Middleton Partners, a Northbrook, IL-based real estate investment firm, has just acquired Tallgrass Corporate Center, a class A, 533,365-square-foot office complex in southwest suburban Bolingbrook, from Equus Capital Partners, Ltd., for more than $65 million.
Tallgrass is the most notable office property in this corner of the suburbs, an industrial area more widely recognized as a mecca for distributors. The asset, which represents almost half of the 1.1 million square feet of class A office space market in the area, is 100% leased. Its distinctive profile is one reason Middleton officials consider it a great long-term investment.
“We like to buy things that are not necessarily on the top of anyone's shopping lists,” Peter Holstein of Middleton tells GlobeSt.com. “And this is not a conventional office market.” Still, “it's a very stable asset, and the office submarket is, compared to other suburban submarkets, relatively stable.” Furthermore, there are “few buildings in the area that have floor plates this large.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
