Large Chicago-area TIC purchase

Tenant-in-common investors on Thursday closed on the purchase of an approximately 153,000-square-foot office building outside Chicago for an undisclosed price.

Church Street Office Center, sold by an entity of the same name, is an eight-story, class A facility located in Evanston, Ill. Completed in 1984, the property features a three-and-a-half-level parking garage containing 307 spaces, as well as 45 uncovered spaces in an adjacent lot.

Church Street Office Center was 93 percent leased at the time of sale to multiple tenants, including Solucient, Fluent Inc., and Northwestern University.