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Ten-X Teams with HFF to Host Sale of Two Chicago-Area Office Properties
Assets in Rolling Meadows, Illinois, and Oakbrook Terrace, Illinois, offered and marketed by both entities will be available in March 7-9 online event

IRVINE AND SILICON VALLEY, Calif. – March 3, 2016 – Ten-X (formerly Auction.com), the nation’s leading online real estate marketplace, will offer a pair of Chicago-area office assets for sale in an online event March 7-9. Ten-X is teaming with HFF as the exclusive advisor and agent for both assets: Midwest Office Center in Oakbrook Terrace, Illinois, and 5201 Tollview Dr., in Rolling Meadows, Illinois.

"We are excited to team with HFF to bring these two high quality Chicagoland assets to market,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “The combination of HFF's local market expertise and our proven platform, which attracts buyers from around the world, will make these promising investment opportunities available to interested buyers everywhere."

Both properties — initially offered to the market at substantial discounts to replacement cost — are located about 20 miles outside the Chicago metro area.

  • The 77,039-square-foot Midwest Office Center is at 18W100 22nd Street in Oakbrook Terrace in the East-West Corridor submarket. It was built in 1979 and currently is 61-percent leased. This single-story property sits on an attractive 5.5-acre site at the intersection of two major thoroughfares, and further provides tenants ample access to nearby restaurants and national big box retailers. The Oakbrook Center Mall is only minutes to the east.
     
  • Located at 5201 Tollview Drive in Rolling Meadows, Illinois, 5201 Tollview currently is a 121,795 square foot, three-story, Class B office building. Currently 100-percent vacant, it offers investors a blank canvas on which to paint their own strategy for the property.  The property comprises 8.85 acres in the Northwest submarket and was built in 1976, later renovated in 2008. It is located in close proximity to numerous retailers and hotels, Woodfield Mall, and is only 13 miles from Chicago’s O’Hare International Airport. Located at the intersection of Interstates 90 and 290, the property offers premiere accessibility.

For more information about Ten-X or these assets, please click here or call 844-694-4976.

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