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Lee & Associates of Illinois and CBRE have completed the sale of a large former corporate and ministry campus in Elgin, transferring ownership of the 510,000-square-foot property at 1000 N Randall Road to Acts2Network. The asset spans 82 acres and was most recently owned and occupied by Harvest Bible Chapel, which utilized the site as a ministry facility.
The seller, Harvest Bible Chapel, was represented by Kenneth Franzese, SIOR, and John Cassidy, SIOR, principals with Lee & Associates of Illinois, working in conjunction with Tony Gange of CBRE. Acts2Network acquired the campus as a self-represented buyer, without a third-party brokerage team noted on the buy-side.
The property was originally developed in 1993 as the world headquarters for Safety-Kleen. Its core is a 350,000-square-foot office building configured around a multi-story parking deck, which is further expanded by a 160,000-square-foot addition. The campus is positioned as a large-scale, single-asset opportunity with substantial existing improvements and specialized features.
On-site amenities extend beyond traditional office space, including an auditorium, athletic center, production studios, training rooms, and a cafeteria. These features reflect the property’s prior corporate headquarters roots as well as its long-running use as a ministry and institutional facility, providing a mix of assembly, educational, and support spaces within the broader office environment.
According to Cassidy, the assignment required a multi-year strategic effort due to the property’s complexity and the absence of a straightforward single-use profile. The marketing and transaction process needed to account for both the scale of the campus and the diversity of its built-out spaces, which are not easily aligned with a single conventional user type.
The closing structure incorporated multiple pre-closing lease agreements that allowed parties to begin operating within portions of the campus before the transaction formally closed. In addition, the structure included a longer-term leaseback arrangement for Harvest Bible Chapel’s academy and for selected portions of its space on the property. These lease components enabled continuity of Harvest Bible Chapel’s educational and ministry activities on-site while transitioning ownership to Acts2Network.
The transaction underscores the complexity associated with repositioning large, specialized office and institutional campuses, where creative deal structures and phased occupancy terms can be required to align the objectives of both buyer and seller.
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