Cushman & Wakefield of Illinois, Inc. has completed the sale of Carol Point Business Center, a three-building, 427,192-square-foot complex located in Carol Stream, Illinois. C&W’s James D. Carpenter, senior director, and Kenneth J. Szady, executive director, represented the seller, LaSalle Investment Management, one of the world’s leading real estate investment managers. The property was purchased for $22,350,000 by AEW Capital Management.
Built in the early 1990s, Carol Point Business Center is located in the Central DuPage submarket and consists of three one-story buildings located at 882-898 Carol Court, 883-899 Carol Court and 815-845 Carol Court. The Class A property was approximately 82 percent leased at closing. Major tenants include PartyLite, Spraying Systems, Defined Logistics, Tyco Fire Products and GE Energy.
