The Real Deal Chicago

Real Capital Solutions pays $39M for Naperville office complex

The 420K sf corporate center off Interstate 88 is 84 percent leased
May 09, 2018 10:00AM

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.

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