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RMC² aerial rendering. Picture courtesy of Brennan Funding Group
Brennan Funding Group has acquired a 485,000-square-foot workplace constructing in Rolling Meadows, Sick., with plans to redevelop the property right into a Class A industrial park. Upon completion, 3800 Golf Street is ready to be renamed the Rolling Meadows Commerce Middle, or RMC².
In line with CommercialEdge knowledge, the earlier proprietor, Spear Road Capital, bought the property in 2010 for $29.5 million. Previously the Midwest headquarters of 3Com Corp., 3800 Golf Street is also referred to as the Atrium Company Centre. The three-story constructing was accomplished in 1998 and is occupied by Capital One, Cambium Networks, Houghton Mifflin Harcourt and CareerBuilder.
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3800 Golf Street is situated on a 40-acre web site on the intersection of Interstate 90, I-290 and IL Route 53. The present constructing’s demolition will create area for an roughly 600,000-square-foot industrial facility. Plans for the brand new growth name for landscaped grounds and a high-end design.
RMC² will goal various kinds of customers together with knowledge facilities in addition to distribution and manufacturing corporations. Tenants can be in proximity to eating, leisure and retail choices.
Though a closing timeline has not been set, the undertaking is anticipated to be full within the subsequent few years.
Brennan can also be creating a Class A industrial constructing in Pearland, Texas. The corporate acquired 12-acres of land to construct a 216,004-square-foot property set to function 36-foot clear heights, a 175-foot truck court docket and trailer parking spots.
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