Middleton Makes Another Big Bet on Suburban Office

The company’s newest acquisition is a two-building, 230,754-square-foot office complex located at 5400 and 5500 Pearl St. in Rosemont, IL.

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.