Chicago – January 20, 2016 – CBRE announced the owners of a four-story, 94,986-square-foot office property located at 1200 Arlington Heights Road in Itasca, Ill. sold the property to Hamilton Partners.
The property, which is located in Hamilton Lakes, has been well maintained by an institutional owner. Upgrades include a newly renovated lobby and corridors, along with other recent capital improvements. Hamilton Lakes is one of the top suburban planned office developments in the Northwest Suburbs of Chicago.
Hamilton Lakes is a 350-acre, master planned business community. Throughout the park are large buildings mixed with smaller buildings, which allow for a mix of flexible office space to meet the needs of all tenants. Also in the park are the Hamilton Lakes Athletic Club, the Westin Hotel and multiple restaurants.1200 Arlington Heights Rd is well situated at the northwest corner of Arlington Heights Road and Pierce Road.
CBRE’s Bill Novelli, Derek Fohl, and Robert Graham represented the owner in the transaction.
About Hamilton Partners
Hamilton Partners, the developer of Hamilton Lakes, is a privately owned real estate development and investment firm providing quality commercial space. Hamilton Partners develops, leases and manages commercial projects throughout Metropolitan Chicago. With a deep reservoir of experience and proven track record, principals of Hamilton Partners have developed over 30 million square feet of office, industrial and retail space. The company specializes in large scale, master-planned development and has offices in Chicago, Salt Lake City and Denver.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com
