
$27.5 Million Non-Performing Office Loan | Deed-in-Escrow | Chicago, IL
25,183 平方米
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.


