REO Sale: Park Plaza | Redevelopment Upside

Highlights:

• 210,774 SF Four-Story Suburban Office: Class B building roughly 30 miles west of Chicago, built in 1982 and renovated in 2008.
• 11.70-Acre Site Offers Redevelopment Option: Four-story building on nearly 12 acres allows a raze-and-redevelop path, subject to zoning approval.
• Up to 172,000 SF of Contiguous Availability: Floorplates of roughly 52,700 SF suit a single headquarters user, full-floor tenants, or suites.
• Transguard Insurance Leased Through 2028: Occupies 31,959 SF, or 15% of NRA, providing an in-place anchor while vacant space is re-tenanted.
• Direct I-88 Access via Two Interchanges: Winfield Road and Naperville Road interchanges put the site on the East-West Tollway corridor.

Description:

For more information visit:
https://rimarketplace.com/auction/3479/office/naperville/il?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=november18_2026&utm_content=office_3479

Brokered by Colliers and powered by RealINSIGHT Marketplace, Park Plaza at 215 Shuman Boulevard is a 210,774 SF, four-story Class B suburban office building on an 11.70-acre site in Naperville, Illinois, approximately 30 miles west of Chicago. Offered as an REO sale, the property presents two paths: re-tenant the existing building or redevelop the site. The property is 17% occupied as of August 31, 2026, following the June 2024 departure of Travelers, which vacated 108,334 SF, or 51% of net rentable area. For an office buyer, contiguous availability of up to approximately 172,000 SF across floorplates of roughly 52,700 SF suits a single large user or full-floor tenants, supported by an atrium, fitness center and 757 surface and garage parking spaces, including below-grade heated parking. For a redevelopment buyer, the nearly 12-acre site with I-88 frontage offers the option to raze the 1982 building and pursue an alternative use, subject to zoning and entitlement approvals. In-place tenancy includes Transguard Insurance Co. of America, occupying 31,959 SF through July 2028, and Left Brain Wealth Management, occupying 3,019 SF through June 2028, preserving occupancy during either a lease-up or entitlement period. Access via the Winfield Road and Naperville Road interchanges connects the site to the western suburbs and downtown Chicago.

Location
Park Plaza is located at 215 Shuman Boulevard in Naperville, Illinois, fronting Interstate 88 approximately 30 miles west of Chicago in the western East-West Tollway office submarket. Four-way interchanges at Winfield Road and Naperville Road provide direct tollway access, connecting the building to the western suburbs and downtown Chicago and supporting regional tenant draw.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: