The Equity Funds Acquires Office Asset In Schaumburg For $6.5M With Buyer's Rep NAI Hiffman

The office property located at 1305 – 1375 Remington Road in Schaumburg has been sold for $6,500,000. The property, consisting of 83,370 square feet, was listed for an asking price of $6,700,000. The sale price equates to a per square foot value of $78. The transaction took place on December 22, 2020.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $6,500,000
• Address: 1305 – 1375 Remington Road
• Square Footage: 83,370
• Market: Schaumburg

The buyer of the property is The Equity Funds, represented by Steve Chrastka and Jason Wurtz from NAI Hiffman. On the other hand, Jennifer Hopkins, Olivia Czyzynski, and Nathalie Fisher served as the seller's representatives in the deal.

It is worth noting that the buyer was identified within 5 weeks of the property being listed, despite the challenges posed by the onset of the pandemic.