Purchased by Ameritus Real Estate Investment in December 2017, 400 Skokie Boulevard in Northbrook, Illinois will undergo an extensive redevelopment with sizable capital improvements. Newmark Knight Frank (NKF) has been appointed as the exclusive leasing agent on the property.
Built in 1984 and partially renovated in 2012, 400 Skokie Boulevard is an eight-story, 220,175-square-foot, multi-tenant office building that features a WI-FI café, fitness center, conference center, on-site storage as well as two terraces on the second floor. The property benefits from its location in the well-established North Suburban office market and its proximity to I-94. The location also provides tenants with easy access to a myriad of restaurants, hotels and retail stores.
Scheduled for completion in Q4 2018, the capital improvements to 400 Skokie Boulevard will feature upgrades to the building’s exterior, lobby, elevator cabs, corridors, restrooms, parking lot and landscaping. All of the tenant amenity spaces are being modernized with significant upgrades to the tenant lounge, fitness center and conference center. Once complete, 400 Skokie Boulevard will feature new spec suites and flexible floor plates benefiting both small or large tenants. NKF senior managing directors John Clark and Rob Lundin will lead the brokerage team.
“This redevelopment by a successful and stable ownership group will strengthen 400 Skokie Boulevard’s position within the market,” said Lundin. “Combining that with the property’s excellent location and strong tenant roster will bring the property to its full potential.”
Whitney Architects is providing the architectural design services for the redevelopment project. 400 Skokie Boulevard is professionally managed in-house by Ameritus.