Sysmex Corporate Center Sold in September to Cole

An affiliate of Cole Real Estate Investments purchased Sysmex Corporate Center, a 162,739-square-foot office property in Lincolnshire, for $49.7 million, free and clear of existing debt.. HFF represented the sellers, Bridge Development Co. and Globe Corp., in the transaction. The sales price breaks down to about $307 per square foot according to a GlobeSt.com article.

Completed in 2010, the Class A facility at 577 Aptakisic Rd. in Lincolnshire, IL, is fully occupied and triple-net leased to Sysmex American Inc., for its North and South American headquarters. The company develops and sells clinical laboratory equipment. The lease is guaranteed by Sysmex Corporation, a Japan-based company that is principally engaged in the health care business and is publicly traded on the Tokyo Stock Exchange.

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