Hamilton Partners has partnered again with Millbrook Real Estate Company to acquire Parkview Plaza. Parkview Plaza is a nine-story, Class A office building in Oakbrook Terrace, Illinois. Parkview Plaza will be leased by Hamilton Partners and managed by Millbrook Real Estate Company. This acquisition continues the expansion of Hamilton Partners’ footprint in DuPage County to over 3 million and increases Millbrook’s portfolio to over 3 million square feet of office space.
“We are excited to be expanding in the East/West Corridor with Hamilton Partners in what we see as a promising investment,” said Bruce Hecktman, President of Millbrook Real Estate Company.
David Andrews, Partner at Hamilton Partners, commented, “We are thrilled to be involved with the ownership of Parkview Plaza again, as we consider it one of the few trophy class buildings in the East West Corridor. It’s premier location, outstanding amenities, and quality of construction make it a great value for high-end office users. We especially look forward to another joint venture with Millbrook Real Estate Company as this combination is proving to be a very efficient and high quality ownership team.”
Parkview Plaza contains 267,752 square feet of premium office space in the East West Corridor near the prestigious Oakbrook Center shopping area. The building is currently 89 percent occupied and offers numerous on-site tenant amenities, including underground heated parking, security, full-service health club, and a deli-style restaurant. Located in DuPage County, which boasts low commercial property taxes and is the second most populous county in Illinois, the building is easily accessible, situated 19 miles west of Downtown Chicago and 20 miles away from local airports.
Millbrook Real Estate Company is a privately owned investor, developer, and manager of commercial real estate in the Chicagoland area. The firm offers high quality tenant experiences in Class A, state-of-the-art office parks and buildings. Millbrook’s portfolio of real estate is comprised of over 3 million square feet of commercial space. Millbrook’s real estate is self-managed by an experienced entrepreneurial team of property management professionals providing outstanding tenants services and complete tenant satisfaction. Millbrook Real Estate Company originated in 1997 with the development of the Millbrook Business Center in Lincolnshire and Buffalo Grove.