According to Crain’s, Hamilton Partners has sold Florida real estate investment firm, Accesso Partners, a 50 percent stake in four Downers Grove office buildings that total more than 1 million square feet. A price was not disclosed for the stake in the portfolio, which is 88 percent leased.
The deal is Accesso’s seventh in the Chicago area since it entered the market in the fall of 2013, Crain’s noted, and the third involving Hamilton Partners.
The buildings in the Downers Grove portfolio deal, developed by Hamilton Partners between 1990 and 2002, are Esplanade I, 2001 Butterfield Road; Esplanade IV, 1901 Butterfield Road; Esplanade V, 3250 Lacey Road; and Esplanade Research & Development Center, 3131 Woodcreek Drive.
