Lee & Associates has arranged the sale of a 70,497-square-foot office building at 915 Harger Road, a property situated in the center of Oak Brook’s established business corridor. The commercial office asset sits within an area described as having strong corporate activity, proximity to transportation networks, and convenient access to nearby retail and dining options, positioning it as a suburban hub for business operations.
Tony Russo, Executive Vice President with Lee & Associates’ Illinois office, represented the seller, KMMRD Enterprises, LLC, in the transaction. Russo acted on behalf of the ownership in marketing and negotiating the disposition of the property, which was nearly half vacant at the time of closing. According to the parties, the building recorded a vacancy rate of 48% when the deal was completed.
Despite the elevated vacancy, the property maintains an existing tenant base, with law firm Godoy identified as occupying the largest space in the building. This tenancy provides in-place income and a core user presence while leaving a meaningful volume of contiguous and smaller spaces available for future leasing activity. The high vacancy level also creates room for the buyer to execute a leasing and repositioning strategy.
The purchaser, identified as Urban Commercial Property Group, is described as the new ownership group for 915 Harger Road. The buyer plans to commit significant capital to building renovations and to address deferred maintenance items. These improvements are intended to elevate the tenant experience, modernize the asset, and support a broader effort to reposition the property within the competitive Oak Brook office market.
Planned work is expected to focus on enhancing the quality of the physical environment and resolving maintenance backlogs, with the goal of making the asset more attractive to both existing and prospective tenants. The repositioning effort is framed around aligning the property with current workplace expectations and supporting tenants that seek a suburban operational base with access to transportation and nearby amenities.
Russo noted that properties like 915 Harger Road can compete effectively when backed by fresh capital and a long-term ownership strategy. He added that tenants have been responding favorably in the market to buildings that offer upgraded environments, flexible deal structures, and landlords who demonstrate a clear commitment to improving the workplace experience. The combination of significant planned investment and available vacancy positions the asset for a leasing and value-creation campaign under the new owner.
