TIC investors take Illinois business park

Newest building constructed 17 years ago

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Tenant-in-common investors this week purchased the multibuilding Darien Business Center in Darien, Ill., for an undisclosed price. Darien Business Center consists of four office buildings totaling approximately 176,000 square feet, and is situated on a 1.7-acre parcel. The property was built between 1981 and 1990. At the time of sale, the complex was 97 percent occupied by numerous tenants with staggered lease expirations, including The University of Chicago Hospitals, Viskase Cos. Inc., Insure.com Inc. and Eichrom Technologies Inc. The investors purchased the asset from SMII Oak Creek/LP L.P. ...