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Bradford Allen Represents BCL Meridian Parkway, LLC in Office Sale

CHICAGO –Bradford Allen Realty Services is pleased to announce that Dan O’Neill and Ryan Moen of the Oak Brook office have completed the sale of a 45,869 square foot office complex at 4222 Meridian Parkway in Aurora, Illinois. The sale was valued at $5,350,000.00.

O’Neill and Moen represented the seller, BCL Meridian Parkway, LLC in the transaction. 4222, 4234 & 4248 Meridian Parkway is a 45,869 square-foot single story Class A office park. The properties are home to several prominent tenants including; Dyson, who anchors the complex with its U.S. Call Center, Woodruff Johnson & Palermo and Medallion Media Group. Additionally, as part of the larger Meridian Business Campus the buildings have numerous other corporate neighbors.

O’Neill stated that the selling price of $116 per square foot for a non-medical single story office complex should be viewed as another step towards full post-recession recovery for the area. “With so many of the Class A suburban mid to high rise office buildings in coveted markets having traded in the past few years, we are starting to see capital searching for an alternative. Class A single story office is getting a lot of that attention.”

The complex, at over 95% leased was purchased by HJH Dyson 1, LLC. This property is the first purchase for HJH Dyson 1, LLC in the Chicagoland area. Based in Kansas, the buyers were drawn to the complex for numerous reasons including its convenient location off of Route 59, which serves as a major thorough fare through the area according to Moen. With over 300,000 residents located between Aurora and Naperville there is a large workforce to pull from, this coupled with a multitude of surrounding amenities made the buildings an attractive investment opportunity.

 

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. For more information please visit our website at www.bradfordallen.com.