205,633 SF Lisle, IL Office Building Sells
GlenStar Properties, a Chicago-based commercial real estate company, along with an institutional capital partner, acquired the office building at 2400 Cabot Dr. in Lisle, IL.
The 4-Star, 205,633-square-foot building delivered in 1987 as Pansophic System Inc.’s headquarters and features various amenities. According to GlenStar, the property includes a 100 percent electrical building back up system via two 1500-kilowatt generators, conference and training facilities, indoor executive parking, a full service cafeteria and dining area, as well as a 20,000-square-foot raised floor data center.
Located in the East-West Corridor, the property was vacant at the time of sale and GlenStar plans to expand and upgrade the on-site parking as well as provide some base building enhancements with the intent to lease the property to a single tenant.
Source: CoStar Arris Noble October 29, 2013