Office Midwest

Lagestee-Mulder buys 52,000-square-foot Chicago suburban office building

LM-BurrRidge-13W361

An investment entity sponsored by Lagestee-Mulder completed the purchase of the 54,000-square-foot Burr Ridge Office Center in Chicago’s west suburban office market.

An investment entity sponsored by Lagestee-Mulder completed the purchase of the 54,000-square-foot Burr Ridge Office Center in Chicago’s west suburban office market.

The building located at 16W361 South Frontage Rd., Burr Ridge, Ill., includes 14 office suites and is 94 percent leased. Financial terms were not disclosed.

Lagestee-Mulder has been involved in the acquisition, leasing, construction and development of commercial real estate in the Chicago area for more than 25 years. This acquisition is the latest strategic purchase designed to build the firm’s portfolio of strong suburban assets.

Alissa Adler and John Homsher of Podolsky/Circle CORFAC International represented the seller, a private investment group.