GlenStar Properties buys 205,000-square-foot office building in surburban Chicago

November 04, 2013  |  Staff Writer  |  Print Article  |  Email this Article

cabot drive

Chicago-based GlenStar Properties, LLC, along with an institutional capital partner, has purchased 2400 Cabot Drive in Lisle, Ill., from CA Lisle Project Company, LLC, an entity advised by CBRE Global Investors, LLC.

The 205,633-square-foot building, originally built in 1987 as Pansophic Systems Inc.’s (subsequently Computer Associates) headquarters, is a rare Class-A suburban headquarters and/or regional headquarters building.

Ideal for large users of office space, it boasts 52,000-square-foot floor plates and amenities including conference and training facilities, indoor executive parking, a fitness center and a full service cafeteria and dining area.

With its latest acquisition of 2400 Cabot Drive, GlenStar now owns 5.1 million square feet of office space in metropolitan Chicago, including the Chicago Board of Trade, 55 East Monroe and Continental Towers.

Tags | , , , , , ,

© 2014 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or menzies@rejournals.com

Leave a Reply