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posted: 1/12/2021 1:35 PM

Equity investment fund buys office park in Schaumburg

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  • Remington Office Court, located at 1305-1375 Remington Road in Schaumburg

    Remington Office Court, located at 1305-1375 Remington Road in Schaumburg

 

SCHAUMBURG -- Remington Office Court, a four-building office park on Remington Road in Schaumburg, was recently purchased by The Equitable Funds. Terms of the transaction were not disclosed.

Olivia Czyzynski, Nathalie Fisher and Jennifer Hopkins of SVN | Chicago Commercial represented the seller in the transaction while Steve Chrastka and Jason Wurtz of NAI Hiffman represented the buyer. Remington Office Court is located at 1305-1375 Remington Road.

"The buyer was identified through our comprehensive targeted marketing system within five weeks of listing the asset, all while the pandemic was beginning to grip the country. After successfully leasing the office complex for the previous two years, thus increasing the value of the property, we were able to meet our client's pricing expectations and carry out the successful sale of the property," SVN | Chicago Commercial said in a news release.