Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present the rare opportunity to acquire the 100% fee simple interest in 3500 Lacey Road (“3500 Lacey or the “Property”), a Class A, trophy office tower located in the prestigious western suburbs of Chicago. Prominently situated adjacent to the convergence of I-355 and I-88, the Property consists of 583,982 rentable square feet (“RSF”) and features an enviable rent roll of 13 office tenants comprised of world renowned corporations, publicly traded companies and headquarters operations befitting a trophy office tower.
The Skidmore Owings Merrill designed building is currently 96.9% leased, 3500 Lacey offers an exceptional 8.0 years of W.A.L.E spread over a diverse tenant roster comprised of world renowned corporations and publicly traded companies. In fact, 44.0% of total rentable area area is comprised of tenants that designate the Property as their international or corporate headquarters, further highlighting the desirability of the asset for high-profile tenants. The stable and diversified rent roll provides investors with long term cash flow and income stability fitting of a trophy office tower.
3500 Lacey is an ideal office location; its immediate access to two (2) interstates and the massive Yorktown-Oak Brook retail corridor attracts a wide variety of businesses. Furthermore, DuPage county property taxes are significantly lower than those of Cook county which will continue to attract suburban market investors. In addition to the nearly 300,000 vehicles passing along I-355 and I-88 each day, 52,850 vehicles pass through the Butterfield Road and I-355 interchange. Other key arterial routes serving the immediate vicinity include state routes 53 and 38 as well as US Route 34. This connectivity to the transit grid is a crucial factor in drawing businesses as it allows companies to recruit from the widest possible geographic employment base.
If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.