CHICAGO—In its second significant suburban Chicago office acquisition in four months, Middleton Partners, a Northbrook, IL-based real estate investment firm, has acquired Balmoral Business Campus. The two-building, 230,754-square-foot office complex is located at 5400 and 5500 Pearl St. in Rosemont, IL.
As reported in GlobeSt.com, last fall Middleton 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. The 100% leased property has a distinctive profile, partly because it provides nearly half of the office space in a submarket more known for industrial use, and Middleton officials consider it a great long-term investment. And the Balmoral campus also has qualities that set it apart from its peers.
“It is rare to find a property with this level of infrastructure, above-average parking, large 30,000-square-foot floor plate, and building amenities that also has such significant location and access benefits,” says Mitchel A. Greenberg, a principal with Middleton.
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