Highland Landmark V_Property for Sale
Highland Landmark V_Property for Sale

Highland Landmark V

3005 Highland Pkwy, Downers Grove, IL, 60515-5682, US

Description

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.

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Attributes

Building area net
251,229 sf
Occupancy
32%
Year built
2008

Media

Investment Highlights

  1. Fortune 500, BBB+ Investment Grade Anchor Tenancy
  2. DuPage County Tax Benefit: 86% Discount to Cook County
  3. Rare Top-of-Building 139,000 RSF Contiguous Availability
  4. 2008 Construction Primed to Benefit from the Ongoing Flight-to-Quality
  5. Incredible Basis at a Substantial Discount to $515 per RSF Market Replacement Cost
  6. Highly Visible, Interstate Adjacent Location Surrounded by Entertainment, Hospitality, and Executive Housing Stock


Highland Landmark V 4_Property for Sale
Highland Landmark V 4_Property for Sale

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Last updated Sep 30, 2026