Parkway Corporate Place, a three-building office campus in Schaumburg, was acquired by Sperry Equities LLC for $12.7 million.
Parkway Corporate Place, on about 16 acres, is 88 percent leased and located is near Woodfield Mall and other amenities by I-290 to the east and I-90 to the north.
"Well-leased office properties in good suburban locations continue to attract investors," said Bill Novelli, a CBRE broker who represented the building's owner.
Sperry Equites, a real estate investment and management company, is headquartered in Irvine, California with an office in Chicago.
Parkway Corporate Place is among other local acquisitions Sperry made in 2016. In August, Sperry Equities bought two buildings at 150 and 200 N. Martingale Road, known as the Woodfield Corporate Center, in Schaumburg. In April, Sperry Equities said it also bought Washington Commons, an office complex on Diehl Road in Naperville.