Motorola Mobility Holdings Inc., the mobile-phone maker bought by Google Inc. (GOOG:US) in May, put its headquarters complex in suburban Chicago on the market after agreeing to relocate downtown.
Binswanger, a Philadelphia-based commercial-property brokerage, was hired to sell the four-building, 1.1 million- square-foot (102,000-square-meter) property in Libertyville, Illinois, according to a statement today on the real estate firm’s website.
Binswanger is marketing the 84-acre (33-hectare) campus to companies in a number of industries, including finance and education, according to the statement. The four connected buildings have office, lab and distribution space as well as a day-care center, full-service cafeteria and a gym. The asking price hasn’t been set, said Laurie Goldstein, vice president of marketing for the brokerage.
Motorola Mobility agreed in July to relocate to Vornado Realty Trust (VNO:US)’s Merchandise Mart in Chicago. It will be the building’s largest tenant, occupying almost 600,000 square feet on the top four floors and rooftop, according to a July statement from Motorola Mobility and Chicago Mayor Rahm Emanuel.
The 4.2 million-square-foot Merchandise Mart, completed in 1930, is the world’s biggest commercial building, according to its website. Motorola Mobility plans to move to its new offices by mid-2013, it said when the deal was announced.
A telephone message left with Jennifer Erickson of Motorola Mobility wasn’t immediately returned.
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