Faropoint announced today the purchase of a 43,538 square foot industrial facility on 2.5 acres located at 900 Business Center in Mount Prospect, IL. Patrick Turner and Tom Rodeno represented Faropoint and Crosstown Real Estate in the acquisition, which closed on Friday, August 20th.
“900 Business Center is a great addition to our growing Chicago portfolio. The project benefits from its proximity to labor and rooftops, allowing tenants to service the north side of Chicago. We are appreciative of the opportunity to have worked with both Crosstown and Colliers on this transaction ” said Jordan Kovalsky who leads Faropoint’s Midwest operations.
“I feel privileged to have represented both the seller and buyer on this off-market transaction. It has been a great experience working with Faropoint, who have quickly established themselves as a leader in the highly competitive O’Hare submarket” said Senior Vice President, Patrick Turner with Colliers.
900 Business Center is a multi-tenant building totaling 43,538 square-feet. The project is located in the heart of Mount Prospect within the Opus developed, Kensington Business Center. The building was constructed in 1981 and boasts 18’ clear heights.
For more information regarding the acquisition of 900 Business Center in Mount Prospect, IL, or any related questions, please contact Jordan Kovalsky at 301-351-0917.
