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HDG Mansur Acquires $36 Million Chicago Suburb Office Building
01 February 2006
Lisle, Illinois – [February 2006] – HDG Mansur acted as advisor to its private client on the acquisition of a Class A office building located outside of Chicago for $36 million. The four-story building is located on over 15 acres of land within the Western East-West Corridor submarket of the Chicago metropolitan area.
The building offers many amenities, including a child development center with play area, full service cafeteria/dining area, fitness center, data center, education center, client entertainment center and auditorium. Area amenities include local fine dining, casual cuisine and shopping in addition to many hotels and a forest preserve.
Computer Associates International ('CA, Inc.'), the sole tenant of the property, is one of the world's largest management software companies with customers in more than 140 countries.
"CA, Inc. and its predecessor have occupied this building since it was built in 1988 and over the years have invested almost $2 million into upgrades," states Harold D. Garrison, Chairman/CEO of HDG Mansur. "The prime location of this building, as well as the long-term lease to CA, Inc. increases this property's stability and is an excellent criteria match for our client's portfolio."
In the last 24 months, HDG Mansur has acquired US $1.2 billion in property worldwide on behalf of private clients. HDG Mansur continues to seek attractive property acquisition opportunities in North America and in Europe.
HDG Mansur is a collection of international companies that shares common values in providing real estate wealth management services for high net-worth individuals and select institutions worldwide. Since 1982, HDG Mansur has advised, developed or managed international real estate projects and investments totaling over $4.3 billion. HDG Mansur has offices in London, New York and Indianapolis.
For more information, contact:
tgerber@hdgmansur.com>tgerber@hdgmansur.com<./a>
Phone: 317-655-7700