ACO Commercial Completes Sale of 31,146 SF Office Building in Chicago’s Northwest Suburbs
CHICAGO, ILLINOIS – Friday, January 6, 2017
ACO Commercial is pleased to announce the sale of 255 E. Lake Street in Chicago’s northwest suburb of Bloomingdale, IL. The 31,146 SF multi-tenant office building was 83% vacant at the time of sale and offered on a value-add basis. ACO’s marketing effort yielded multiple offers, with the deal being awarded to an all-cash purchaser on an, “as-is, where-is,” basis.
Edward N. Bluemel II, VP and George J. Toscas, EVP, arranged the sale on behalf of a large west coast private equity firm. The transaction was completed, moving from LOI to closing, in approximately 40 days.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.