JLL Capital Markets announcedthe sale of Chicago’s flagship Tesla Sales, Service and Delivery Center at 1000 Skokie Blvd. in Northbrook, Illinois, a newly developed build-to-suit facility for Tesla.
JLL worked on behalf of the seller, a joint venture between Focus and Fort Union, in the sale to Kingsbarn Realty Capital.
The 47,997-square-foot property is Tesla’s only custom built-to-suit sales, service and delivery center within the Chicagoland area. Designed to support several Tesla flagship retail showrooms throughout Chicago’s northern suburbs, the Northbrook facility provides new vehicle delivery, vehicle preparation and maintenance services. The property also features a showroom and ancillary office spaces.
The property is strategically located in a dense and affluent, automotive-focused corridor as 1.7 million people are within a 30-minute drive of the site. The site is surrounded by upscale shopping and dining options, along with convenient access to downtown Chicago and O’Hare International Airport. Additionally, the site is situated just off the intersection of I-94 and Dundee Road, which sees over 140,000 vehicles per day and features visible signage along Skokie Blvd and the Interstate.
The JLL Investment Sales and Advisory team was led by Senior Managing Director, Corporate Capital Markets & Single Tenant Net Lease Platform leader Alex Sharrin and Josh Katlin.
