Brokerage Marcus & Millichap recently closed the sale of a large multitenant office building in Des Plaines, Ill., for a price of $11.6 million.
Siete 7 LLC purchased the 145,482-square-foot property from 999 East Touhy LLC, an entity controlled by the principals of Marc Realty.
Located at 999 East Touhy Ave., the five-story office asset is situated on a 5.97-acre lot with frontage on the Northwest Tollway (Interstate 90) as well as easy access to the Tri-State Tollway (I-294).
According to a news release, "the buyer will initially occupy approximately 30,000 square feet in the building, and has plans to expand its space over time."
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