Illinois Science & Technology Park, Skokie, IL

January 30, 2017 Comments Off on Investment Group Buys 533K-SF Bioscience Campus Views: 265 Illinois, Midwest, National News

Investment Group Buys 533K-SF Bioscience Campus

American Landmark Properties acquired the Illinois Science & Technology Park on Searle Parkway in Skokie, IL. The local buyer paid seller Forest City Realty Trust Inc. $77 million for the 533,000-square-foot bioscience, pharmaceutical and nanotechnology office campus. Forest Park acquired the campus in 2005, when it was a single-user pharmaceutical research campus belonging to Searle Pharmaceuticals.

The new owner is planning a new development on the 24-acre campus site, which could include a 500,000-square-foot residential and retail project. Plans could also include up to 1.3-million-square-feet of new office and lab facilities. CBRE’s Scott Brandwein and David Saad have been retained to lease up both the vacant and planned space in the park.

Read More at PR Newswire

Read More at Crain’s Chicago Business

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