Kensington Office Plaza

Kensington Office Plaza is strategically located in Mount Prospect, approximately 20 miles northwest of downtown Chicago, with convenient access to the greater Chicagoland transportation network. The Property is less than three miles from both the Tri-State Tollway (I-294) and Jane Addams Memorial Tollway (I-90), approximately three miles from the Mount Prospect Metra Station, and roughly nine miles from O’Hare International Airport. O’Hare continues to benefit from significant investment through the ORDNext modernization program, including construction of the new 580,000-square-foot, 19-gate Concourse D. The surrounding area benefits from strong demographics, with more than 112,000 residents and an average household income of approximately $109,000 within a three-mile radius. Nearby retail and amenities include Costco Wholesale, Sam’s Club, Walmart, The Home Depot, Walgreens, Trader Joe’s, LA Fitness, Dunkin’, and Raising Cane’s. Nearby Randhurst Village, one of the area’s primary retail destinations, was acquired for $95 million in September 2026 and encompasses approximately 932,000 square feet of retail space anchored by Costco, Jewel-Osco, and The Home Depot, further demonstrating continued investment in the immediate Mount Prospect market. The Property’s northwest suburban location provides buyers with a compelling foundation for a lease-up or repositioning strategy while benefiting from continued public and private investment throughout Mount Prospect and the surrounding O’Hare corridor. Most notably, the Mount Prospect Technology Campus is transforming a former corporate campus into a major data center development representing more than $2 billion of private investment, with the approved plan encompassing two large-scale data center buildings and supporting electrical infrastructure. Combined with ongoing investment at O’Hare, proximity to major expressways, surrounding residential communities, a substantial employment base, and an established retail and amenity environment, these location fundamentals enhance the Property’s accessibility and long-term positioning. With significant available space and a large 6.9-acre site, Kensington Office Plaza offers new ownership the opportunity to pursue lease-up, repositioning, or potential alternative-use strategies and capitalize on the Property’s long-term potential.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.