Urban Commercial Property Group Acquires Office Building In Oak Brook From KMMRD Enterprises For $XXM

The property involved in this transaction is a 70,497-square-foot office building located at 915 Harger Road in Oak Brook, IL. It was sold by KMMRD Enterprises, LLC and is noted to have been 48% vacant at the time of the sale.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Buyer: Urban Commercial Property Group
• Seller: KMMRD Enterprises, LLC
• Broker: Tony Russo - Lee & Associates

This deal positions Urban Commercial Property Group to invest in renovations and reposition the property, part of a broader trend among investors focusing on underperforming suburban office assets.