{"id":1004149424,"date":"2016-08-03T08:28:04","date_gmt":"2016-08-03T16:28:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149424"},"modified":"2020-05-11T04:02:15","modified_gmt":"2020-05-11T12:02:15","slug":"schaumburg-motorola-campus-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/schaumburg-motorola-campus-changes-hands\/","title":{"rendered":"Schaumburg Motorola Campus Changes Hands"},"content":{"rendered":"

By Ioana Neamt<\/em><\/p>\n

\"Rendering<\/a>

Rendering of Zurich North America’s future headquarters<\/p><\/div>\n

Chicago<\/strong>\u2014UrbanStreet Group<\/a>, together with Trilogy Investments<\/a>, has recently acquired the Motorola Solutions<\/a> Campus located in Schaumburg, Ill. Financial details have not been disclosed.<\/p>\n

The joint venture partners have purchased five parcels of land totaling 225 acres and nearly 1.8 million square feet of office, warehouse and light industrial space. The new owners will work alongside the Village of Schaumburg in the following six months to determine the best uses for the campus, which may include multifamily, retail, hospitality and office space.<\/p>\n

According to the Daily Herald<\/em>, Motorola will keep approximately 1,600 workers in two existing buildings on campus that are currently being remodeled. Motorola sold a portion of the campus to Zurich North America a few years ago<\/a>, and sold another 47-acre piece to Oak Street Real Estate Capital back in May.<\/p>\n

\u201cAfter many months of a diligent process, we are extremely pleased to have been selected by Motorola as the purchaser for this storied property,\u201d Bob Burk, managing partner at UrbanStreet Group, said in a statement. \u201cOver the past several years, we have worked closely and cooperatively with the leadership of the Village of Schaumburg, and we look forward to continuing and expanding that relationship on this project.\u201d<\/p>\n

Rendering courtesy of Clayco<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Motorola has sold the remaining 225 acres of its Schaumburg, Ill., campus to joint venture partners.<\/p>\n","protected":false},"author":192,"featured_media":1004149425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,13,21742,21747],"tags":[],"class_list":["post-1004149424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"\nSchaumburg Motorola Campus Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/schaumburg-motorola-campus-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schaumburg Motorola Campus Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Motorola has sold the remaining 225 acres of its Schaumburg, Ill., campus to joint venture partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/schaumburg-motorola-campus-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-03T16:28:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T12:02:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Zurich-North-American-Headquarters.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"548\" \/>\n\t<meta property=\"og:image:height\" content=\"362\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/schaumburg-motorola-campus-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/schaumburg-motorola-campus-changes-hands\/\",\"name\":\"Schaumburg Motorola Campus Changes Hands - 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