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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F08b3382b-41e3-4e75-8163-251cd21be484%2F5a80c13d-7600-4eec-8662-86b3eba54c13" onerror="this.style.display='none'" alt="1300 Plum Grove Road Image" style="object-fit: cover; width: 200px;" />
 Mixed Use / Industrial 
 
 1300 Plum Grove Road
 
 Schaumburg, IL 
 By Transwestern

 <a href="/user/18605230-9a88-4c5d-b8bd-9492c7f2c50a" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Michael Salmen</a>
 
 Managing Principal
 
 
 <a href="tel:6123591660" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">6123591660</a>
 

 <a href="https://platform.reverecre.com/project/08b3382b-41e3-4e75-8163-251cd21be484" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
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 </a>
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Part of the Transwestern companies, Transwestern Development Company (TDC®) is a diversified business that develops logistics, multifamily, office, mixed-use, healthcare and life sciences properties. Since 2012, TDC’s pipeline of completed and in-process projects exceeds $4 billion, consisting of 22.9 MSF of industrial, 5,282 multifamily units, 2 MSF of office and 550,000 SF of healthcare. At present, TDC has more than $1.8 billion of projects under construction or with near-term starts in 15 cities and nine states including 13 MSF in industrial projects in pre-development planning stages nationwide.

TDC invests capital alongside its institutional and private equity partners to develop speculative and build-to-suit projects and serves as a fee developer for clients and owner-occupiers. TDC leverages the market insight and expertise of the Transwestern real estate organization, which includes a diversified real estate services firm with 34 U.S. offices and a real estate investment management company.

Managing Principal

Senior Vice President

Capital Markets Analyst

Executive Vice President

Vice President

The property has a weighted average tenant tenure (WATT) of 12.87 years, supporting tenants’ desire to remain at the location and willingness to expand if given the opportunity. 

The weighted average lease term (WALT) is 5.18 years.

Tenant demand remains strong for similar product whereas flex buildings are no longer being constructed. Prospective investors have the ability to acquire 1300 Plum Grove below replacement cost and position themselves to capitalize on future market upside.

Sales Team

Transwestern Capital Markets & Asset Strategies is pleased to offer 1300 Plum Grove for sale. Located in the Village of Schaumburg - a fully developed suburb with a strong corporate presence – and within minutes of Woodfield Mall, the property offers tenants an outstanding location with superb access to shopping and dining destinations. Situated just south of Jane Adams Memorial Highway (Interstate-90) and west of the Tri-State Tollway (Interstate-290) 1300 Plum Grove allows for easy travel throughout the Chicago MSA and exceptional access to O’Hare International Airport (14 miles). The high-image industrial flex building measures 72,461 square feet. 

Mike co-founded Equity Commercial Services, the predecessor to Transwestern in the Twin Cities, in 1996 and has been a partner since its inception. He focuses on new business development as well as the marketing of third-party brokerage accounts. Mike also provides tenant advisory to tenants on a local and national level. A top producer, Mike brings over 33 years of experience in the Twin Cities marketplace. Mike played an integral role in bringing Transwestern to the Twin Cities marketplace and building it into one of the region's premier commercial real estate firms.

Overview

Investment Highlights

Photo Gallery

Sales Team

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