Woodfield Preserve Office Center

Property Overview

Woodfield Preserve is a Class A, two building office complex situated on a 23.71-acre site in the Schaumburg area of Chicago’s northwest suburban submarket. The 10 North Martingale building is a 304,876-square-foot, six-story building constructed in 2000. The 20 North Martingale building is a 305,586-square-foot, six-story building constructed in 2001. Additionally, the property features 36,754 square feet of lower-level space currently used for storage, a deli and a meeting and fitness center space.

The property is within a collection of Class A office buildings and outstanding retail amenities. I-290 and I-90 converge 2 miles north of the property, which allows for excellent access to Chicago’s other major business centers and O’Hare Airport. Schaumburg is located approximately 10 minutes from O’Hare international and 30 minutes from the central business district.   The property is also situation five minutes south of the Woodfield Mall which includes retailers such as Nordstrom, Macy’s, Lord & Taylor, JC Penny, Sears and numerous other stores and restaurants.

Investment at a Glance

Location: Schaumburg,IL

Property Type: Class A Office

Acquisition Date: November 13,2007

Purchase Price: $135,800,000

No. of Buildings: 2

No. of Stories: 6 (one partial lower level)

Square Footage: 610,462 SF

Year Built: 2001

Leased Percentage (at the time of Acquisition): 96.5%