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Illinois Science & Technology Park 2 Office Properties in Skokie, IL
Investment Highlights
- Interconnected buildings within a 22.6-acre master-planned life sciences and technology park.
- Over 100,000 SF of fully equipped life sciences and GMP-compliant laboratory space.
- $4.6 million of institutional capital investments completed since 2022.
- Strong tenancy with approximately 45% leased to investment-grade credit tenants.
- Located steps from major transportation routes, including I-94, and within 20 minutes of O’Hare International Airport.
- Offered well below replacement cost, providing immediate competitive advantage.
Executive Summary
JLL is pleased to offer for sale the fee simple interest in 8025 & 8045 Lamon Avenue, a premier life sciences portfolio situated in Illinois Science + Technology Park’s master-planned, 22.6-acre campus. Together, these interconnected buildings encompass 287,739 SF and represent one of the region's most prominent hubs for life sciences innovation. Anchored by 45% investment-grade tenancy featuring names like Charles River, UL Solutions, and Vetter Pharma, the portfolio delivers strong credit stability and a weighted average lease term of over 9 years.
Offering plug-and-play laboratory space with over 100,000 SF of fully equipped life sciences environments, the buildings combine superior infrastructure with proximity to Chicago’s talent base, top-tier research institutions, and transit connectivity via I-94 and CTA rail. The assets have benefited from $4.6M of recent capital improvements and remain positioned at a substantial discount to replacement costs. This opportunity appeals to investors seeking durable cash flow, significant upside through lease-up, and continued demand for life sciences space in Chicago’s thriving North Shore market.
Offering plug-and-play laboratory space with over 100,000 SF of fully equipped life sciences environments, the buildings combine superior infrastructure with proximity to Chicago’s talent base, top-tier research institutions, and transit connectivity via I-94 and CTA rail. The assets have benefited from $4.6M of recent capital improvements and remain positioned at a substantial discount to replacement costs. This opportunity appeals to investors seeking durable cash flow, significant upside through lease-up, and continued demand for life sciences space in Chicago’s thriving North Shore market.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 289,505 SF |
| Number of Properties | 2 | Total Land Area | 6.68 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 289,505 SF |
| Total Land Area | 6.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Illinois Science & Technology Park
8045 Lamon Ave, Skokie, IL 60077 |
Office | 159,610 SF | 2001 | - |
|
Illinois Science & Technology Park
8025 Lamon Ave, Skokie, IL 60077 |
Office | 129,895 SF | 1981 | - |
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