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Long-Vacant Chicago Mixed-Use Campus Closes Escrow for $9.3 Million on Ten-X Platform
JLL and Ten-X team to find a buyer for the 1.5 million square-foot Midwest Corporate Campus, which has stood vacant since 2003

IRVINE AND SILICON VALLEY, Calif. – May 24, 2016 – Ten-X, the nation’s leading online real estate marketplace, announces today’s close of escrow on Midwest Corporate Campus, a 1,527,857-square-foot property in Harvard, Illinois, that sold on the Ten-X Commercial online platform for $9.3 million. An individual investor was the winning bidder during the April 18-20 live bid event. Optima Ventures, LLC was the seller. Mark Kolar of JLL teamed with Ten-X to sell the asset.

“Midwest Corporate Campus, a well-known local property, is the kind of high-end asset investors have grown accustomed to buying on the proven Ten-X platform,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “The global reach of the Ten-X platform enabled us to find a buyer for this state-of-the-art office and industrial property that sat vacant for years but could now spark economic activity and bring much-needed jobs to the region.”

The 325-acre Midwest Corporate Campus is located at 2001 North Division St. (Route 14), about 2 hours from Chicago and Milwaukee and comprises five manufacturing, distribution and office buildings. It was built in 1997 as a regional headquarters, manufacturing, assembly and distribution campus for Motorola and stood vacant since 2003. Amenities include two on-site daycare facilities, a cafeteria, rooftop and ground-level heliports, fitness center, and an auditorium. Onsite finishes include ponds and trails for running and biking. A portion of the asset’s acreage also is open to additional development opportunities.

Mark Carbone, Terry Rochford and Cheri Mascitelli represented Ten-X in the transaction. For more information, please click here or call 844-694-4976.

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About Ten-X

Ten-X is the nation’s leading online real estate marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling more than $37 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.

 

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