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Office building in Research Park sold

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The Evanston Enterprise Center, a four-story office building at 1840 Oak Ave., has been sold.

The Evanston Enterprise Center, a four-story office building at 1840 Oak Ave., has been sold.

RE Journals reports that the nearly 51,000 square foot building changed hands for just over $5 million, or nearly $100 per square foot.

Agents at Marcus & Millichap in Chicago represented both the seller, Evanston Enterprise Center LLC, and the buyer, identified as a private investor.

The building is said to be 95 percent leased, with a variety of tenants, ranging from offices for Northwestern University to the Evanston Chamber of Commerce.

County records show the seller acquired the building in December 2005 for $3.15 million.

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