Investment firm focused on single-story office buildings

SCHAUMBURG - The Equitable Funds, a real estate investment and management company, has acquired the Remington Office Court, a four-building, single-story office campus located at 1305-1375 Remington Road in Schaumburg.

The acquisition meets the goal of the firm's principals, Jonathan Berger and Josh Silvergalde, to acquire, own and manage single-story office properties throughout the Chicago area, the company said. Terms of the transaction were not disclosed.

In conjunction with the acquisition, The Equitable Funds has named NAI Hiffman the exclusive leasing agent of Remington Office Court. One Story LLC, a property management firm recently formed by Berger and Silverglade, will manage the property.

Remington Office Court is located immediately north of Woodfield Mall, north of the Golf and Meacham Roads' intersection, which positions the property within steps of a wide variety of amenities including shopping, restaurants and hotels. The 83,370-square-feet office complex is approximately 90% leased with four spaces ranging from 600 to 4,000 square feet available for lease.

The Equitable Funds, established by Berger and Silverglade in 1999, is a diversified real estate investment and management firm. Over a 20-year period, the firm has completed more than $100 million of real estate acquisitions and dispositions.

"Remington Office Court is well-positioned for small, entrepreneurial tenants in the northwest suburban market who traditionally have had limited options," says Steve Chrastka, who along with Jason Wurtz, both of NAI Hiffman, is marketing the property.