SCHAUMBURG, IL (July 30, 2008) — CTCA has closed on the purchase of 500 E. Remington Boulevard, a 38,500-square-foot office building, adjacent to its current headquarters at 1336 Basswood. The property was purchased for $4,050,000 from AST Remington, LLC.
AST Remington LLC was represented by Odie Fakhouri and Steve Fitzgerald of Bradford Allen, and CTCA was represented by Andrea Van Gelder and Sean Reynolds of the Staubach Company.
“We determined the building was best suited to a single-tenant user, and a company already operating in close proximity would gain the highest benefit,” said Jeffrey A. Bernstein, principal of Bradford Allen. “These factors, combined with CTCA’s current need, made them a primary choice to acquire the property.”
CTCA will continue to occupy its 30,000-square-foot building at 1336 Basswood, and will split its headquarters operations between the two buildings, moving its executive offices to 500 Remington.
About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, owners and investors of real estate. Please visit our website at www.bradfordallen.com.