Cresa has been exclusively retained by PepsiCo to sell 617 W. Main Street, Barrington, IL, a prime R&D campus redevelopment opportunity located 20 miles from O’Hare Airport and just 40 miles from downtown Chicago. The offering comprises two main buildings totaling 259,000 SF in the heart of downtown Barrington.
The main R&D building is 227,000 SF and was completed in 1956. Since it was first built, the building has undergone several additions and renovations and is currently comprised of office and R&D spaces. The 32,000 SF building, completed in 1966, is used as a production and packaging facility with offices on the first and second floors. In addition there is a 1,500 SF storage building that sits on the back of the lot, a technology equipped 622 SF gazebo, and a 1,100 SF garage also on the property. Potential uses are senior housing and mixed-use residential.