101 Waukegan_1

101 WAUKEGAN

Lake Bluff, IL

OFFICE / FLEX
94,557 SQ FT

Built in 1992 this office property was initially designed as a flex building that could be used for light industrial, but has historically been used for office, medical office and research laboratory purposes.

Partnering with Avgeris & Associates, we purchased this asset in 2015 with our goal to reposition the asset using our value-add approach. When acquired the asset was distressed and had an initial occupancy of 36.8%.

After executing a $1.2 million dollar capital improvement project to the asset’s main lobby, washrooms, electrical systems and parking lots we have successfully leased-up the entire asset and dramatically increased the value of the asset.

Property Details
  • Built: 1992
  • Acquired: 2015
  • Renovated: 2015