Triangle Corporate Center

Elk Grove Village, Illinois


  • ASSET CLASS: Office/Industrial
  • IRR: 44.6%
  • MULTIPLE: 3.5x
  • TOTAL EQUITY: $900,000

Triangle Corporate Center is a 78,000-square-foot office/industrial complex, purchased in 1996 for $2,825,000. The project was subsequently refinanced at $2,865,000. Since the purchase in 1996, all equity has been returned to the investors, and historical distributions total in excess of 100% of the initial investment. In November 2014, the project was refinanced as part of a five-building suburban Chicago portfolio. In addition to the acquisition and syndication, American Landmark Properties managed and leased this project. The property was sold in May 2008, as part of a portfolio sale, for $5,340,500, which translated to a 3.5x equity multiple for the investors.

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