141 NW POINT BLVD - LoopNet · 2018. 4. 4. · executive summary 114,642 usf 38,000 sf floor plates...
Transcript of 141 NW POINT BLVD - LoopNet · 2018. 4. 4. · executive summary 114,642 usf 38,000 sf floor plates...
141 NW POINT BLVDElk Grove Village
Cushman & Wakefield, as exclusive agent and advisor, is pleased to offer for sale the 100% fee simple interest in 141 Northwest Point, a 3-story, 114,642 usable square foot office property in Elk Grove Village, IL. 141 Northwest Point is situated at the entrance to the Northwest Point Office Park, a 125-acre development strategically located at the 4-way interchange of I-90 and Arlington Heights Road, providing easy access to both O’Hare International Airport and the amenity-rich Woodfield Mall area.
Originally developed as a build-to-suit for the American Academy of Pediatrics, the property has been institutionally maintained since construction, offering new ownership a highly improved, headquarters-quality facility at a significant discount to new construction. 141 Northwest Point offers a suite of existing amenities including covered parking, onsite cafeteria and numerous conference suites. The large, 38,000 SF floor plates are highly flexible, and the dramatic two-story atrium overlooking the adjacent lake provides outstanding meeting and collaboration space.
The property’s location at the Arlington Heights interchange provides excellent access to the Woodfield area’s amenities and O’Hare International Airport, without the congestion associated with the mall. Furthermore, the central northwest location draws upon a broad workforce from a variety of suburban communities, and direct nonstop Pace shuttle service between the property and the CTA Blue Line provides convenient access to the city’s young, educated workforce.
141 Northwest Point is 100% vacant and available for sale following the AAP’s expansion and relocation in late 2017 to a new headquarters in nearby Itasca.
EXECUTIVE SUMMARY
114,642USF
38,000SF FLOOR PLATES
Covered ParkingATTACHED PARKING DECK
350PARKING SPACES, EXPANDABLE TO 450
CTANON-STOP PACE BUS TO CTA BLUE LINE
On-Site AmenitiesTWO-STORY ATRIUM, CAFETERIA, LAKESIDE TERRACE, CONFERENCE FACILITIES
INSTITUTIONALLY MAINTAINED BY ONE OWNER
Park-likeSETTING WITH LAKE VIEWS
HotelADJACENT FULL-SERVICE SHERATON HOTEL
Class A
• Originally constructed in 1984; expanded in 1991
• Owner occupied by the American Academy of Pediatrics until now
• Two connected, 3-story buildings
• 114,642 usable square feet
• 7.92 acre site
• Dramatic, light-filled two-story atrium providing panoramic views of the park and adjacent lake
• Numerous conference facilities
• On-site, full service cafeteria
• Walk-out terrace on the first floor overlooking the lake with connecting sidewalk to the adjacent Sheraton Suites hotel
• Connected two-story parking garage
• 350 parking spaces, expandable to 450 spaces
• Efficient, 38,000 SF rectangular floor plates ideal for corporate users
• 9.5 foot finished ceiling heights
• Buildings feature fully-separated MEP systems, providing operational flexibility for partial use
PROPERTY FEATURES
LOCATION
Directly adjacent to the 3-star, 255-room Sheraton Suites hotel and Juniper Restaurant & Bar
Located in the 125-acre, 6-building, 1.0 million SF Northwest Point Office Park
» Excluding the Property, the office park is 95% occupied which is well above the average for the Northwest suburban office market
Adjacent to the expansive Busse Woods Forest Preserve
Pace Bus provides non-stop service to the CTA Blue Line expanding access to the city’s young, educated workforce
Central location in Chicago’s northwest suburbs affords nearby access to broad, highly-educated workforce
141 NW POINT BLVD
0 - 15 MIN.
15 - 30 MIN.
30 - 45 MIN.
DRIVE TIMES
15 MIN. 30 MIN. 45 MIN.
TOTAL POPULATION 345,674 2,104,064 4,985,868
POPULATION 25+ YEARS 247,211 1,466,039 3,404,489
BACHELOR’S DEGREE 27.1% 25.6% 26.2%
GRADUATE/PROF. DEGREE 15.0% 15.2% 17.0%
AVG. HOUSEHOLD INCOME $95,462 $101,734 $103,047
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O'HareAirport
MidwayAirport
WoodfieldAmenities
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34
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Gary
BlueIsland
Monee
Plano
Niles
Morris
Elwood
Newark
OswegoLemont
Joliet
Cicero
Aurora
Elburn
Dekalb
Gurnee
Racine
Munster
Minooka
Lombard
Addison
Roselle
Marengo
McHenry
Kenosha
Evanston
Rosemont
Palatine
Rochelle
Rockford
Fox Lake
Flossmoor
Yorkville
Frankfort
New Lenox
Oak Brook
Algonquin
Grayslake
Wilmington
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Northbrook
Schaumburg
Naperville
Orland Park
Bolingbrook
DesPlaines
St. Charles
Lake Zurich
Merrillville
Calumet City
Bedford Park
WestChicago
Lincolnshire
Crystal Lake
Libertyville
Franklin Park
GlendaleHeights
Pleasant Prairie
ArlingtonHeights
CHICAGO
Waukegan
Lake Forest
Highland Park
Barrington
Huntley
McCook
Geneva
Sugar Grove
CarolStream
DownersGrove
Wheaton
Tinley Park
ChicagoHeights
Oak Lawn
Homer Glen
Plainfield
Shorewood
Burr Ridge
Oak Park
Skokie
Itasca
Ottawa
Sycamore
South Elgin
Antioch
Harvard
Woodstock
Beloit
Belvidere
Manhattan
WISCONSIN
INDIANA
Located at the four-way interchange of Interstate 90 (I-90) and Arlington Heights Road
OPTIMAL ACCESS
10 min drive time to O’Hare International Airport
5-10 min drive time to amenity-rich Woodfield
Mall area via Higgins Road
1st Floor40,827 SF
3rd Floor35,404 SF
2nd Floor38,410 SF
©2018 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.
JERROD WIGAL312 470 [email protected]
RYAN LIEBERMAN312 470 [email protected]
JORDAN ROVITO312 470 [email protected]
BRAD FRANK312 470 [email protected]