Highland Landmark V | Fortune 500 HQ Since 2010 | 2008-Construction Lease-Up Opportunity

Highlights:

• Investment Grade Anchor Tenancy: Fortune 500 tenant Dover has held its global headquarters at the Property since 2010.
• Top-of-Building 139,000 RSF Contiguous Block: Four full-floor vacancies form a rare top-of-building contiguous block for a value-add lease-up.
• DuPage County Tax Benefit: The Property benefits from DuPage County's significant real estate tax advantage for owners.
• Positioned for Flight-to-Quality Demand: 2008-plus vintage assets make up just 3.5% of the total suburban Chicago office market.
• Strategically Located Near Key Corridors: Adjacent to I-88 and I-355, with direct access to Downtown Chicago and O'Hare Airport.
• Reset Basis Below Replacement Cost: Positioned at a substantial discount to replacement cost versus new suburban Chicago construction.

Description:

For more information visit:
https://rimarketplace.com/auction/3480/office/downers-grove/il?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=november18_2026&utm_content=office_3480

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire the fee simple interest in Highland Landmark V (the “Property” or “Opportunity”), a boutique 251,229 RSF Fortune 500 headquarter quality Class A office asset located within the premier Eastern East-West Corridor submarket of suburban Chicago, Illinois. Strategically situated within the tax advantage boundaries of DuPage County, Highland Landmark V was constructed in 2008, placing the Property amongst the newest generation of suburban Chicago office assets, which comprise only 3.5% of the total market inventory.

Solely occupied by BBB+ investment grade credit and Fortune 500 tenant Dover, which has maintained its global headquarters at the Property since 2010, Highland Landmark V is currently 32.2% leased with 4.0 years of weighted average remaining lease term (“WALT”). With four full floor top-of-building vacancies totaling approximately 139,000 RSF of contiguous availability, the Property offers a rare opportunity to create value through lease up. Ownership recently significantly renovated and expanded the amenity package in 2025, positioning the Property to capture tenant demand in a market increasingly benefiting from the ongoing flight-to-quality trend.

Strategically located adjacent to I-88 and I-355 with direct access to Downtown Chicago, Oak Brook, O’Hare International Airport, and an extensive amenity base, Highland Landmark V combines premier regional connectivity, DuPage County’s significant real estate tax advantage, and top-of-building signage potential to create a compelling reset-basis investment opportunity at a substantial discount to replacement cost.

Location
Highland Landmark V sits at 3005 Highland Parkway in Downers Grove, Illinois, adjacent to I-88 and I-355 within Chicago's Eastern East-West Corridor submarket. The location provides direct access to Downtown Chicago, Oak Brook, and O'Hare International Airport, placing tenants near a deep regional labor pool and amenity base, within DuPage County's favorable tax structure.


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

Documents: