News
BOLINGBROOK BUILDING SOLD
April 11, 2011
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| This building at 605 Territorial Dr in Bolingbrook was sold by BPG Properties to KTR Capital Partners for $7.4M last week. It's a big deal because it could mean new tenants coming in to a 182k SFlong-vacant space in the I-55 corridor. The former Tellabs HQ, was originally acquired by BPG Investment Partnership VI in 2004 along with 100 Remington Blvd. The pair of buildings is now calledTallgrass Corporate Center and has had $13M in renovations in the last seven years. KTR was repped by Cawley Commercial Real Estate's Daniel Cawley and Terry Grapenthin. BPG was self-represented. Cawley Commerical will have the exclusive listing for the Territorial Dr building, which is 50% leased. |
