A partnership between Balfour Pacific Real Estate Fund V, a private equity real estate fund of Balfour Pacific Capital Inc., and Hamilton Partners has acquired One Lincoln Centre in Oakbrook Terrace, IL. One Lincoln Centre is a sixteen story, Class A office tower with over 317,000 square feet and incredible visibility from I-88. The property offers tenant flexibility with 20,000 SF floor plates which allow for full floor and multi-tenant configurations.
Balfour Pacific and Hamilton Partners have plans to upgrade the buildings’ amenities, lobby and tenant common areas. The building already boasts one of the strongest on-site amenity packages in the area, including an attached garage with underground executive parking, a fitness center, deli, tenant conferencing space and 24 hour security.
Area amenities are prevalent as the building is in the heart of the two of the most popular shopping centers, Yorktown and Oakbrook Center, with an abundance of retail and high end restaurants nearby. Tenants have the accessibility and visibility from east/west Route 56 and I-88. Along with access to major highways, the building is only 13 miles from O’Hare Airport and 16 miles from Midway Airport.
“We have always admired the quality and location of One Lincoln Centre and it is a natural fit with our other buildings in the East/West Corridor,” said Paul O’Connor, Partner at Hamilton Partners.
Like many of Hamilton Partners’ properties, One Lincoln Centre is located in DuPage County. In contrast to neighboring counties, DuPage County boasts a balanced budget and has not raised property tax rates in eleven years. In DuPage County, public- and private-sector leaders work together to cultivate an attractive business environment.
“Balfour is pleased with the acquisition and the partnership with Hamilton Partners,” said Mark Scott, Managing Partner at Balfour Pacific Capital. “We are excited about the opportunity to acquire another high quality, well leased asset with an experienced organization who has developed, managed and leased other properties in the East/West corridor.”