Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Colliers arranges sale of Bannockburn office court for $3.85 million

March 27, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Colliers International | Chicago senior vice presidents, John Homsher, CCIM and Alissa Adler, represented North Shore OpCo LLC in its sale of Bannockburn Office Court located at 2201-2231 Lakeside Drive in Bannockburn, Illinois. North Park Property Management LLC acquired the asset for $3.85 million.

Bannockburn Office Court is comprised of two 20,000-square-foot, single-story office buildings. It was built in 1981 but has recently undergone cosmetic renovations including new landscaping, parking lot and sidewalk repairs. The property is conveniently located at the intersection of I-294 and Illinois Route 22 with access to a highly skilled suburban workforce. It was 77 percent leased at sale.

“This building is located in the Lake County market which gives it a tax advantage over its competition in Cook County,” said Homsher. “New ownership can continue to improve the property and capture the value-add potential it offers.”

Tags
bannockburnColliers International | ChicagoNorth Park Property Management LLCNorth Shore OpCo LLC
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisSeniors Housing

McShane Construction completes construction of The Oaks at Algonquin senior living residence

June 24, 2022
IllinoisIndustrial

Principle Construction builds urban industrial spec building for IDI Logistics

June 24, 2022
TexasMultifamily

Colliers Mortgage closes Fannie Mae loan for The Arbors in Temple

June 24, 2022
OhioMultifamily

Columbus’ CREC Real Estate acquires five multifamily properties in first half of 2022

June 24, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com