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Commercial
Chicago

Real Capital Solutions pays $39M for Naperville office complex

The 420K sf corporate center off Interstate 88 is 84 percent leased

1230, 1240, 1245 and 1250 East Diehl
1230, 1240, 1245 and 1250 East Diehl (Credit: Google Maps)

Real Capital Solutions bought the Naperville Corporate Center complex for $38.7 million.

The Louisville, Colorado firm acquired the 420,000-square-foot complex, which sits on 22 acres just south of Interstate 88, according to the Daily Herald. The seller was a joint venture of Dallas-based TriGate Capital and Chicago-based Pearlmark Real Estate Partners.

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The four buildings in the complex at 1230, 1240, 1245 and 1250 East Diehl Road are 84 percent leased, a healthy number in a suburban office market where the vacancy rate has been hovering around 23 percent.

HFF’s Patrick Shields, Bryan Rosenberg, Jaime Fink and Jeff Bramson represented the seller. [Daily Herald] — John O’Brien

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Commercial Real EstateNapervilleOffice Market