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Three Woodfield Lake Sells for $10.7M

Private Investing is Becoming a Trend
By Lisa Couture
March 14, 2002 | 7:32 P.M.

Hamilton Partners has purchased Three Woodfield Lake for $10.7 million. The 100,287-square-foot, 4-story building located at 900 National Parkway in Schaumburg, IL is a premier Class-A office property which is currently 82% leased. With this acquisition, Hamilton Partners demonstrates that the market is right for an increase in private equity purchases; with private investors looking for tangible assets versus the unstable stock market, office properties are being viewed as prime opportunities. Hamilton Partners, which owns more than 75 buildings in the Chicago market, is capitalizing on the market trends to buy large lucrative buildings. Trammell Crow Co. senior vice president Kenneth J. Szady represented the seller, a joint venture between USAA Real Estate Co. and TMW Property Services, in the deal.

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