Talon Real Estate Holding Corp. signed an agreement to acquire 5799 Broadmoor Street from Broadmoor Place Associates LLC and Hoopeston I, L.L.C. for $11.6 million on January 23, 2015. Talon Real Estate will deposit $0.1 million as deposit with escrow agent.

The deposit shall be credited against purchase price at closing. The transaction, subject to customary closing conditions, is expected to close on February 28, 2015. HFF and Block Real Estate Services, LLC acted as brokers for Broadmoor Place Associates LLC and Hoopeston I, L.L.C. Grover C. Sayre, III of Leonard, O'Brien, Spencer, Gale & Sayre, LTD acted as legal advisor for Talon.

Irwin E. Blond of Polsinelli PC acted as legal advisor for Broadmoor Place Associates and Hoopeston I.