Server Farm Purchases Oak Brook Technology Center In Suburban Chicago For $16.25 Million

Transwestern Brokers Sale of Office Complex on Behalf of the Seller

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Dec 05, 2013, 08:00 ET

CHICAGO, Dec. 5, 2013 /PRNewswire/ -- Transwestern's Chicago office today announced it brokered the sale of Oak Brook Technology Center on behalf of an undisclosed seller. The 194,178-square-foot, two-building office complex is located at 800 and 810 Jorie Blvd. in Oak Brook, Ill., and was purchased by Server Farm for $16,250,000. The property was 66 percent leased at the time of sale.

(Photo: http://photos.prnewswire.com/prnh/20131205/DA28763)

Server Farm purchased Oak Brook Technology Center in suburban Chicago for $16.25 million. Transwestern's Gary Nussbaum and Thomas Gorman brokered the deal on behalf of the seller. (PRNewsFoto/Transwestern) (PRNewsFoto/TRANSWESTERN)

"Oak Brook Technology Center drew very strong interest from data center investors," said Gary Nussbaum, managing director of Transwestern. "The property offers access to an enormous quantity of fiber, communications providers and electrical service which meet the demands of a first class data center facility."

The property is ideal for users of data centers, communications switches, network sites, co-location facilities, call centers, disaster recovery and NOC facilities. Current tenants include XO Communication, NaviSite, Zayo and U.S. Signal.

The seller was exclusively represented by Transwestern's Nussbaum and Thomas Gorman, managing director, and David Matheis, senior associate. Server Farm represented itself in the transaction.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern's Chicago investment sales group on Twitter: @TWChicagoISG.

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SOURCE Transwestern