9/28/2007

Old Orchard Towers on the block

by

Old Orchard Towers

Lowe Enterprises is looking to sell the Old Orchard Towers, the former Skokie, Ill., headquarters of G.D. Searle & Co.

Cushman & Wakefield has been hired to market the two seven-story buildings that are located at 5202-5250 Old Orchard Rd., along the Edens Expressway.

Included with the buildings is an adjacent 2.5-acre parcel. The property is 75 percent occupied with its two largest tenants being National-Louis University and health care consultancy company Sg2.

Lowe purchased the property in 2004 for $16 million from G.D. Searle, which vacated the property in 2003 after being acquired by Pfizer Inc.

Lowe Enterprises is a diversified national real estate organization. Cushman & Wakefield is one of the world's largest commercial real estate services firms with 201 offices in 55 countries.

Carlsbad, Calif-based Real Capital Markets is providing the digital marketing solution for this transaction.

Address: 5202-5250 Old Orchard Rd., Chicago, Ill.

Size: 350,000

---

Filed Under: Office

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009