850-900 Arlington Heights Road
Itasca, IL | 119,249 SF | Investment
This property was purchased in October 2004 from Sanyo North America Corporation and includes a total of 16.25 acres comprising three components: two office buildings (900 and 850 N. Arlington Heights Road), and an approximate 7-acre (net of wetlands) vacant development parcel. The property was purchased significantly below its original cost, and is well located at the intersection of Arlington Heights Road and Thorndale Avenue, one mile east of the four-way interchange at Route I-355.
Leases have been extended and new leases were added in a challenging leasing market. Value on the vacant land parcel has increased through wetland mitigation. The infrastructure improvements on Thorndale related to the western access to O’Hare Airport are expected to accelerate leasing and investment exit over the next couple of years.