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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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.
