141 NW POINT BLVDElk Grove Village

Cushman & Wakefield, as exclusive agent and advisor, is pleased to offer for sale the 100% fee simple interest in 141 Northwest Point, a 3-story, 114,642 usable square foot office property in Elk Grove Village, IL. 141 Northwest Point is situated at the entrance to the Northwest Point Office Park, a 125-acre development strategically located at the 4-way interchange of I-90 and Arlington Heights Road, providing easy access to both O’Hare International Airport and the amenity-rich Woodfield Mall area.

Originally developed as a build-to-suit for the American Academy of Pediatrics, the property has been institutionally maintained since construction, offering new ownership a highly improved, headquarters-quality facility at a significant discount to new construction. 141 Northwest Point offers a suite of existing amenities including covered parking, onsite cafeteria and numerous conference suites. The large, 38,000 SF floor plates are highly flexible, and the dramatic two-story atrium overlooking the adjacent lake provides outstanding meeting and collaboration space.

The property’s location at the Arlington Heights interchange provides excellent access to the Woodfield area’s amenities and O’Hare International Airport, without the congestion associated with the mall. Furthermore, the central northwest location draws upon a broad workforce from a variety of suburban communities, and direct nonstop Pace shuttle service between the property and the CTA Blue Line provides convenient access to the city’s young, educated workforce.

141 Northwest Point is 100% vacant and available for sale following the AAP’s expansion and relocation in late 2017 to a new headquarters in nearby Itasca.

EXECUTIVE SUMMARY

114,642USF

38,000SF FLOOR PLATES

Covered ParkingATTACHED PARKING DECK

350PARKING SPACES, EXPANDABLE TO 450

CTANON-STOP PACE BUS TO CTA BLUE LINE

On-Site AmenitiesTWO-STORY ATRIUM, CAFETERIA, LAKESIDE TERRACE, CONFERENCE FACILITIES

INSTITUTIONALLY MAINTAINED BY ONE OWNER

Park-likeSETTING WITH LAKE VIEWS

HotelADJACENT FULL-SERVICE SHERATON HOTEL

Class A

• Originally constructed in 1984; expanded in 1991

• Owner occupied by the American Academy of Pediatrics until now

• Two connected, 3-story buildings

• 114,642 usable square feet

• 7.92 acre site

• Dramatic, light-filled two-story atrium providing panoramic views of the park and adjacent lake

• Numerous conference facilities

• On-site, full service cafeteria

• Walk-out terrace on the first floor overlooking the lake with connecting sidewalk to the adjacent Sheraton Suites hotel

• Connected two-story parking garage

• 350 parking spaces, expandable to 450 spaces

• Efficient, 38,000 SF rectangular floor plates ideal for corporate users

• 9.5 foot finished ceiling heights

• Buildings feature fully-separated MEP systems, providing operational flexibility for partial use

PROPERTY FEATURES

LOCATION

Directly adjacent to the 3-star, 255-room Sheraton Suites hotel and Juniper Restaurant & Bar

Located in the 125-acre, 6-building, 1.0 million SF Northwest Point Office Park

» Excluding the Property, the office park is 95% occupied which is well above the average for the Northwest suburban office market

Adjacent to the expansive Busse Woods Forest Preserve

Pace Bus provides non-stop service to the CTA Blue Line expanding access to the city’s young, educated workforce

Central location in Chicago’s northwest suburbs affords nearby access to broad, highly-educated workforce

141 NW POINT BLVD

0 - 15 MIN.

15 - 30 MIN.

30 - 45 MIN.

DRIVE TIMES

15 MIN. 30 MIN. 45 MIN.

TOTAL POPULATION 345,674 2,104,064 4,985,868

POPULATION 25+ YEARS 247,211 1,466,039 3,404,489

BACHELOR’S DEGREE 27.1% 25.6% 26.2%

GRADUATE/PROF. DEGREE 15.0% 15.2% 17.0%

AVG. HOUSEHOLD INCOME $95,462 $101,734 $103,047

94

94

94

94

65

80

90

57

294

355

80

80

88

88

55

290

90/94

355

90

90

39

43

90/39

O'HareAirport

MidwayAirport

WoodfieldAmenities

14

12

45

41

34

52

6

30

20

30

41

45

20

6

20

12

83

59

47

64

38

59

47

Gary

BlueIsland

Monee

Plano

Niles

Morris

Elwood

Newark

OswegoLemont

Joliet

Cicero

Aurora

Elburn

Dekalb

Gurnee

Racine

Munster

Minooka

Lombard

Addison

Roselle

Marengo

McHenry

Kenosha

Evanston

Rosemont

Palatine

Rochelle

Rockford

Fox Lake

Flossmoor

Yorkville

Frankfort

New Lenox

Oak Brook

Algonquin

Grayslake

Wilmington

Romeoville

Northbrook

Schaumburg

Naperville

Orland Park

Bolingbrook

DesPlaines

St. Charles

Lake Zurich

Merrillville

Calumet City

Bedford Park

WestChicago

Lincolnshire

Crystal Lake

Libertyville

Franklin Park

GlendaleHeights

Pleasant Prairie

ArlingtonHeights

CHICAGO

Waukegan

Lake Forest

Highland Park

Barrington

Huntley

McCook

Geneva

Sugar Grove

CarolStream

DownersGrove

Wheaton

Tinley Park

ChicagoHeights

Oak Lawn

Homer Glen

Plainfield

Shorewood

Burr Ridge

Oak Park

Skokie

Itasca

Ottawa

Sycamore

South Elgin

Antioch

Harvard

Woodstock

Beloit

Belvidere

Manhattan

WISCONSIN

INDIANA

Located at the four-way interchange of Interstate 90 (I-90) and Arlington Heights Road

OPTIMAL ACCESS

10 min drive time to O’Hare International Airport

5-10 min drive time to amenity-rich Woodfield

Mall area via Higgins Road

1st Floor40,827 SF

3rd Floor35,404 SF

2nd Floor38,410 SF

©2018 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.

JERROD WIGAL312 470 2371jerrod.wigal@cushwake.com

RYAN LIEBERMAN312 470 3845ryan.lieberman@cushwake.com

JORDAN ROVITO312 470 3839jordan.rovito@cushwake.com

BRAD FRANK312 470 3837brad.frank@cushwake.com