Kensington Office Plaza

Investment Overview

Kensington Office Plaza is a 85,955-square-foot, four-story office building located at 1661 Feehanville Drive within the Kensington Business Center in Mount Prospect, Illinois (Chicago MSA). Originally constructed in 1989, the Property is on approximately 6.9 acres, including 336 surface parking spaces. The building is approximately 21% occupied, providing investors with a significant value-add opportunity through lease-up, repositioning, or adaptive reuse. Existing tenants include Metro Family Practice, Five Star Oil Transportation Co., First Industrial Realty Trust, Inc., and Touch Financial Group. The Property offers substantial existing availability, including large contiguous blocks of space that provide flexibility for a future owner to pursue a traditional multi-tenant lease-up strategy, accommodate larger users, or establish an owner-occupied presence while leasing excess space. Continued investment in Mount Prospect, including the recent $95 million acquisition of nearby Randhurst Village and the $2+ billion Mount Prospect Technology Campus, further supports the Property’s long-term positioning. With approximately 21,500-square-foot typical floor plates, passenger and freight elevator service, ample parking, a sizable land area, and a well-established northwest suburban location, Kensington Office Plaza offers a compelling opportunity for investors and owner-users seeking significant scale and multiple avenues to create value at an attractive basis.

Investment Highlights

• Approximately 21% occupied, offering substantial upside through lease-up, repositioning, or an owner-user strategy
• 85,955 SF building on 6.9 acres with 336 surface parking spaces and large contiguous availability for a variety of future uses
• Less than three (3) miles from I-90 and I-294, approximately three miles from Metra, and roughly nine (9) miles from O’Hare International Airport