August 8, 2016
Griffin Capital Corp. has added the 283,000-square-foot headquarters of Zebra Technologies Corp. to the portfolio of Griffin Capital Essential Asset REIT II Inc. The El Segundo-based buyer paid $60.1 million to seller Northwestern Mutual Life Insurance Co. for the suburban Chicago office building.
The headquarters, at 3 Overlook Point in Linconshire, IL, was built in 1991 and renovated in 2015. Zebra Technologies has a long-term, triple-net lease that expires in 2026. Zebra Technologies, a global, publicly traded company, designs and markets radio frequency identification printers and encoders.
James Postweiler, Peter Harwood, Brian Shanfeld and Dan Fernitz with Jones Lang LaSalle’s Chicago office represented the seller.
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