Holliday Fenoglio Fowler, L.P. (HFF) brokered the $38.725 million sale of Naperville Corporate Center, a four-building office portfolio totaling 420,540 square feet in Naperville, Illinois. The HFF team represented the seller, a joint venture between TriGate Capital, LLC and Pearlmark, and procured the buyer, Real Capital Solutions.
Naperville Corporate Center comprises 1230, 1240, 1245 and 1250 E. Diehl Road, which are situated on 22.16 acres just south of I-88 in the northeastern portion of Naperville, the fifth largest city in Illinois. The three-, four- and five-story buildings are 83.6 percent leased overall. Notable tenants include KeHe, Trizetto Group, Berkley Insurance, Apex and Infogix, Inc.
The HFF investment advisory team representing the seller consisted of directors Patrick Shields and Bryan Rosenberg and senior managing directors Jaime Fink and Jeff Bramson
“This was a fantastic opportunity for the buyer to purchase a cash-flowing office park with a balanced tenant roster and excellent visibility and access to a host of walkable amenities,” said Shields.
“This unique opportunity anchored by the stable income of KeHe’s headquarters generated tremendous interest from both local and out of town capital,” added Rosenberg.