NOVEMBER 7, 2019
Balfour Pacific Acquires One Lincoln Centre in Oakbrook Terrace, IL
Balfour Pacific Capital Inc. (“Balfour Pacific”) is pleased to announce the acquisition of One Lincoln Centre, a 16-storey Class A office tower building in Oakbrook Terrace, a suburb of Chicago, Illinois. The transaction closed on November 7, 2019.
One Lincoln Centre comprises 314,695 s.f. of institutional-quality office space with an adjacent six-level parking structure. The property is located in the second best performing submarket in suburban Chicago (East-West Corridor) and benefits from prominent building visibility and direct freeway access. It is surrounded by an abundance of amenities, including two premier shopping centers. The property is situated in DuPage County, which enjoys significant tax advantages relative to neighboring Cook County, where Chicago is located. Balfour Pacific has partnered with Hamilton Partners in the deal. “We are pleased to be once again working with Hamilton Partners, as we execute our value creation strategy for this attractive property,” commented Balfour Pacific’s Managing Partner, Mark Scott.
About Balfour Pacific: Balfour Pacific is a private equity real estate firm focused on value-added investments in the United States. Should you wish to learn more about Balfour Pacific, please visit our website, www.balfourpacific.com.