A private investor participating in the Grubb & Ellis Wealth Management program has acquired the Fifth Third Bank Building in Schaumburg, Ill., for an undisclosed amount.

Located at 2580 W. Schaumburg Road, the newly constructed building is comprised of more than 4,000 square feet of rentable space situated on more than one acre of land. Solely leased to Fifth Third Bancorp, the property includes four drive-thru teller lanes, as well as 28 parking spaces.

The Fifth Third Bank building, sold by JBAS LLC, is an outparcel to the Prairie Towne Center, where an estimated 67,000 cars pass daily, and is also highly visible and accessible from Barrington Road, where an estimated 40,000 cars pass daily. The property is directly surrounded by dense residential neighborhoods, as well as various retail outlets, including Target, Home Depot and Staples.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
EXTENDED: Last call for the best price of the year on the best events in real estate.Register now×
Cyber Monday Sale - EXTENDED! Get 1 year of Inman Select for $75. Offer expires at midnight.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription