Montecito Medical Real Estate Acquires Office Building In Rosemont From Dell Corp For $30M

The office property located at 5400 Pearl Street in Rosemont has been sold in a transaction facilitated by Cushman & Wakefield. The buyer, Montecito Medical Real Estate represented by Chip Conk, acquired the property from Dell Corp. The sale price for this 97,500 square foot asset was $30,000,000, resulting in a price per square foot of $308.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $30,000,000
• Address: 5400 Pearl Street, Rosemont
• Market: Rosemont

Dell Corp sold the office property at 5400 Pearl Street to Montecito Medical Real Estate, who was represented by their agent Chip Conk from Cushman & Wakefield. This transaction showcases the active market in Rosemont for office assets and demonstrates the continued interest of real estate companies like Montecito Medical Real Estate in expanding their portfolio with office properties.