BLOG
Archive
July 2012 (2)June 2012 (6)May 2012 (4)April 2012 (2)March 2012 (1)February 2012 (1)January 2012 (1)October 2011 (1)August 2011 (16)July 2011 (21)June 2011 (18)May 2011 (17)April 2011 (21)March 2011 (22)February 2011 (19)January 2011 (22)December 2010 (22)November 2010 (25)October 2010 (19)September 2010 (25)August 2010 (23)July 2010 (24)June 2010 (27)May 2010 (26)April 2010 (30)March 2010 (28)February 2010 (26)January 2010 (28)December 2009 (28)November 2009 (37)October 2009 (25)September 2009 (24)August 2009 (24)July 2009 (1)
Rolling Meadows office building under new ownership
Published by Jamie on Wednesday, June 16 2010 at 11:22 PM
A small real estate firm in the northwest suburbs of Chicago won their bid for an empty office building located in Rolling Meadows, Ill. The former PepsiAmericas headquarters has sat empty since 2005, leaving a current balance of $31 million in loans.
Imperial Realty Group purchased the building for $4.5 million, 15 percent of what the loan is worth, according to Chicago Real Estate Daily. Plans to lease the open office space is the next step for the company, though it's going to be an admitted battle during the current office market slump.
"We have a 200,000-square-foot building to lease in an incredibly depressed market," said Imperial's president, Al Klairman. "What we are going to do is offer incredible leases in the short run to bring the building back to health."
If you are interested in leasing office aspace in the Chicago area, contact officebroker.com today for a list of availability.
0 Responses
Leave a Reply
You must be logged in to comment:
Register
Create your officebroker.com account by filling in this short form. It will enable you to comment on all articles and blogs on the officebroker.com site immediately! If you have any problems creating an account, please contact us for assistance.
