8025 & 8045 Lamon_Property for Sale
8025 & 8045 Lamon_Property for Sale

8025 & 8045 Lamon

Skokie, IL, US, Americas

Description

Jones Lang LaSalle (Illinois), L.P. (“JLL”) is pleased to exclusively offer for sale the fee simple interest in 8025 & 8045 Lamon. Situated within the 22.6-acre master-planned Illinois Science + Technology Park (“IS+TP”), the Portfolio consists of 287,739 rentable square feet (“RSF") contained within the adjacent and interconnected 8025 and 8045 Lamon Avenue buildings. Situated within a prominent pharmaceutical cluster, the Property offers an irreplaceable location with a long history of attracting global science and technology leaders such as Charles River (Fitch: BBB-), UL Solutions (Fitch: BBB+) and Vetter Pharma (Shadow Rating: BBB+ to A-). The Portfolio provides unmatched access to executive and workforce talent, world-class research institutions, and major transportation arteries including I-94 and direct rail connectivity via Chicago's famous 'L' line.



The offering provides a compelling combination of stable cash flow and significant value-add upside potential. The Property is anchored by a strong credit profile, with approximately 45% of the portfolio's rentable area leased to investment-grade tenants with a total a weighted average remaining lease term of 9.2 years. The Property stands as the only competitive building capable of meeting plug-and-play space requirements for large tenants, offering over 100,000 RSF of fully equipped life sciences space, a significant market differentiator available to investors. Offered at a substantial discount to the replacement cost of over $930 per square foot.

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Attributes

Building area net
26,732 m²
WALT
9.2 years
8025 & 8045 Lamon (2 Properties)
8025 & 8045 Lamon (2 Properties)

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Investment Highlights

  1. Strategic Infill Location Situated within Chicago's Prestigious North Shore
  2. Long-Term Institutionally Maintained Property Benefits From $4.6 million of capex invested since 2022
  3. Reset Basis Provides a Substantial Discount to Replacement Cost
  4. Strong Credit Profile Features 45% Portfolio RSF Investment Grade Credit Tenancy
  5. The Only Competitive Building Capable of Meeting Big Block Plug-and-Play Space Requirements
  6. Highly Competitive Rents at up to a 43% Discount to the Competitive Set
  7. Over 40% of Tier 1 Competitive Lab Space Was Removed from the Market In 2025
8025 & 8045 Lamon 4_Property for Sale
8025 & 8045 Lamon 4_Property for Sale

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Last updated
7 May 2026