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Former Sears and Allstate Headquarters - Sterling Park Campus Portfolio
Two Large Buildings, Parking Structure, 3.4 Acre Development Site
Buy one or all!
Homan Square, Chicago, IL
Offer Deadline: October 24
|NRC and Newmark Knight Frank are pleased to jointly offer the opportunity for investors, developers, or end-users to buy one or all of four properties on the Sterling Park campus, previously the headquarters of Sears, Roebuck, & Company and Allstate Insurance. The properties are located in the path of progress, just 10 minutes from Chicago downtown, conveniently located blocks from the 290 Expressway, CTA train and bus lines in Chicago’s Homan Square neighborhood, and just 5 minutes from the Illinois Medical District. The former Sears Administration building is a historic landmark eligible for tax benefits, the former Allstate headquarters can be designated a historic building, and the properties are situated in a Federal Empowerment Zone, a City of Chicago TIF District, and an Enterprise Zone creating other tax benefits and incentives. See the "Tax Benefits & Incentives" tab above for further detail. |
Homan Square was born out of millions of square feet of former Sears space which has since been redeveloped into a newly opened 181-unit loft apartment building, fully-leased multi-tenant office tower, charter school, and YMCA. Surrounding development also includes over 1000 units of new housing, nearby shopping, and a private park onsite.
There are 4 properties available on the same campus including, the former Sears Administration Building (5 stories with large floor plates; 280,558 sf total), the former Allstate Headquarters (11 stories with large floor plates; 340,127 sf total), a 1,150 car parking garage, and a 3.4 acre development site. Buyers are invited to buy one or all of the properties.
We are pleased to provide this video overview of the offering: Sterling Park Portfolio Overview
Please register for the sale and log-in below to obtain additional property and due diligence information.
David Levy, NRC Realty & Capital Advisors: 312-278-6870 or firstname.lastname@example.org
Ted Prillaman, Newmark Knight Frank: 312-224-3122 or email@example.com
Broker Co-Op: 1% to properly registered brokers
|Although information has been obtained from sources deemed reliable, NRC Realty & Capital Advisors, LLC, Newmark Knight Frank, the Seller, and/or its representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Properties without expressed or implied warranty of any kind. Lot and building sizes are approximate. Properties may be withdrawn at any time without notice.|