Real Capital Solutions Acquires Property At 1230 E Diehl Rd Naperville From Pearlmark For $38.7M

The property involved in this transaction is the Naperville Corporate Center complex, located at 1230 E Diehl Rd, Naperville, IL, 60563. The complex, which encompasses four buildings at 1230, 1240, 1245, and 1250 East Diehl Road, consists of a total area of 420,000 square feet and is situated on 22 acres. The sale price for the property was $38,700,000. The complex currently has an occupancy rate of 84 percent, a notable figure given the local suburban office market's vacancy rate of around 23 percent.

Summary of transaction details:

• Property Type: Corporate Office
• Transaction Amount: $38,700,000
• Address: 1230 E Diehl Rd, Naperville, IL, 60563
• Market: Naperville
• Square Footage: 420,000
• Seller: Pearlmark Real Estate Partners
• Buyer: Real Capital Solutions
• Seller's Representatives: Jeffrey Bramson (JLL), Bryan Rosenberg (Eastdil Secured), Jaime Fink (JLL), Jeff Bramson (JLL)

The sellers were a joint venture consisting of TriGate Capital, based in Dallas, and Pearlmark Real Estate Partners, based in Chicago. The purchase by Real Capital Solutions marks a significant addition to their portfolio, highlighting their strategy in the suburban office market.