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Developer Buys Office Building Near Chicago in Long-Term Office-to-Industrial Play

Stotan May Not Demolish Meadows Office Center I in Addison, Illinois, for a Few Years
Stotan Industrial has paid more than $8 million for the Meadows Office Center I building in Addison, Illinois. (Emilia Czader/CoStar)
Stotan Industrial has paid more than $8 million for the Meadows Office Center I building in Addison, Illinois. (Emilia Czader/CoStar)
CoStar News
August 2, 2024 | 7:14 P.M.

An industrial developer has paid more than $8 million for an office building in suburban Chicago that it plans to eventually tear down and replace with a warehouse, following a national office-to-industrial trend.

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News | Developer Buys Office Building Near Chicago in Long-Term Office-to-Industrial Play