Trophy Commercial Redevelopment Situated Within a Prestigious 96% Leased Science + Technology Campus

Highlights:

• Brand New Trophy Quality $20.4 million Redevelopment at Substantial Discount to Replacement Cost
• Unique Developer Friendly Zoning Permits a Variety of Uses
• Established Infrastructure and a Long History of Public-Private Partnership
• Availability of Valuable Financial Incentives Including 7(b) Tax Abatements

Description:

RI Marketplace Online Auction Oct 28-30, 2024
Register to bid on Marketplace:

https://rimarketplace.com/auction/2088/trophy-commercial-redevelopment-situated-within-a-prestigious-96-leased-science-technology-campus?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_2088

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), in conjunction with RI Marketplace, is pleased to exclusively offer for sale the fee simple interest in 8030 Lamon (the "Property"). Located within the first ring, infill suburb of Skokie, Illinois, situated within the prestigious 22.6-acre masterplanned Illinois Science + Technology Park ("IS+TP", "the Park"), the Property consists of the trophy quality, newly redeveloped, 135,851 RSF, 8030 Lamon building, as well as the adjacent land parcel, 8031 Lamon, which has been designated for additional planned surface or structured parking, as necessary.

Completed in 2022, the $20.4 million redevelopment of 8030 Lamon was imagined by Cannon Design and features an entirely re-skinned glass curtain wall, a newly installed roofing system, new elevators, as well as trophy quality lobby, tenant lounge, conference, and common area finishes. Suite 110 provides a fully furnished 4,100 RSF wet lab spec suite. All other tenant spaces are delivered in cold shell condition.

Zoned for a variety of uses including wet lab, cGMP, office, and collaboration spaces, 8030 Lamon is well positioned to benefit from growing tenant demand within the surrounding 96% leased Illinois Science + Technology Park providing an investor with lucrative upside potential at a substantial discount to replacement cost.

Property tours are available by appointment only. Please reach out to Patrick Shields, Patrick.Shields@jll.com, and Sam DiFrancesca, Sam.DiFrancesca@jll.com, to schedule.

Scott Bowers, Auctioneer
c/o Fisher Auction Company Inc.
License: 040000273

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