Acts2Network Acquires 510000 Square Foot Mixed-Use Campus In Elgin From Harvest Bible Chapel

The property asset involved in this transaction is a mixed-use facility located at 1000 North Randall Road in Elgin, featuring a total square footage of 510,000 and occupying 82 acres. Originally developed in 1993 and expanded by Harvest Bible Chapel, the campus includes a 2,100-seat auditorium, athletic center, production studios, and a parking garage with capacity for over 950 cars.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not disclosed
• Address: 1000 North Randall Road
• Market: Elgin
• Buyer's Name: Acts2Network
• Seller's Name: Harvest Bible Chapel
• Buyer's Representative: Tony Gange - CBRE
• Seller's Representatives: Kenneth Franzese & John Cassidy - Lee & Associates

This transaction was facilitated by Lee & Associates of Illinois and CBRE, with leaseback agreements in place to allow Harvest Bible Chapel to continue operating its academy, worship, and office spaces. The structured deal preserves the current uses of the property while enabling further operational growth for Acts2Network.