Update: October 10, 2013

Palatine – Klairmont Investments, LLC paid $4 million for a mortgage on the Harris Bank Building at 800 E. Northwest Highway in Palatine and will take over the property in a deed-in-lieu of foreclosure deal. The loan’s balance stood at about $5.8 million at the time of the sale. Klairmont Investments was represented by James Ascot, Ascot Realty Group, Inc and the Note Seller, Road Bay Investments, LLC was represented by Stuart Salins, Holliday Fenoglio Fowler, L.P. The 135,000-square-foot, 10-story office building was about 80 percent leased at the time of the sale.

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