Brown Commercial Group Sells Chicago Office BuildingBrown Commercial Group
May 10, 2021
National radio network purchases Lincolnshire office building
Brown Commercial Group negotiated the sale of a 25,229-square-foot office building on a 5.5-acre lot, located at 680 Barclay Blvd. in Lincolnshire, IL. The property will now serve as the headquarters for a national radio communications network.
Brown Commercial Group Senior Broker Mason Hezner represented the building owner, Union Building Corporation, in selling the building to Relevant Radio, Inc. for $4 million. The buyer is a radio network that provides religious programming to approximately 100 stations across the country. The company is consolidating many smaller locations throughout the country and will use this facility as its headquarters.
The building was originally designed and built for the United Auto Workers of America in 2006 and was one of nine regional facilities around the country. Union Building Corporation is moving to a facility currently under construction in downstate Illinois.
Rawly Lantz of Cawley Chicago represented the buyer.
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Brown Commercial Group is a boutique, full-service commercial real estate firm specializing in the marketing, disposition and acquisition of industrial, office and investment grade real estate in the Chicago metropolitan area. Our experienced professionals have built numerous relationships while gaining a thorough understanding of the intricacies needed to negotiate and secure the most timely and favorable results for all of our clients. We are big enough to get the job done but small enough to care about each individual client. When you hire Brown Commercial Group our entire staff becomes your team all the way up to the firm’s President.