VK Development sells Brookfield office building for $5.8 million

Published on: 3/3/2010

Executive Center IV,  a three-story, 85,612-square-foot building located just west of Brookfield Square Mall, has been sold for $5.8 million.

Endeavor Cos., a privately held Chicago-based firm, bought the building, at 235 N. Executive Drive, from an investment group affiliated with Brookfield-based VK Development Corp. The sale was brokered by Inland Cos. and Inland principal Tom Shepherd.

Endeavor owns commercial properties in Illinois and other states.

VK Development, owned by the Vincent Kuttemperoor family, has developed housing in Brookfield and elsewhere, but is facing foreclosure on a large development in Florida.