CBRE Auction Services has announced that it will auction the former Solo Cup Co. headquarters and manufacturing facility located in Highland Park. The ±28 acre site will be sold at auction on March 6.
The facilities are located in the heart of Chicago’s North Shore at 1660 and 1700 Old Deerfield Road in Highland Park. The property served as the company’s headquarters and as a manufacturing facility before it relocated its headquarters to Lake Forest. The ±28 acre parcel is improved with: a ±245,000-square-foot manufacturing building that includes ±26,900 square feet of office; and a ±64,500 square-foot office building with ±23,000 square feet of warehouse.
Highland Park is a lakefront community on the North Shore of Chicago. The area boasts more than 850 businesses and more than 30,000 residents. The area features access to Chicago’s major expressways, the Illinois Tollway and O’Hare Airport.
The property will be sold in a sealed bid convertible to an open outcry auction format. The sealed bid deadline is March 6 at 4 p.m. CT. The owner will have the option to convert the offering to an open outcry auction after receipt of the bids. An initial earnest money deposit of five percent of the total purchase price is required in order to participate.
Property inspections will be held by appointment only. CBRE representatives will be available to answer questions about the auction process and procedures, as well as the property. Detailed property information will also be available for review including the purchase and sale agreement, tax information and other applicable information.
