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Chicago & Midwest  + Greater Chicagoland  + Healthcare  |  October 13, 2021
The Life Sciences Portfolio at Illinois Science + Technology Park Skokie IL
Paul Bubny
By: Paul Bubny

JLL Team Arranges Skokie Life Sciences Sale

JLL Capital Markets closed the sale and financing of 8045 and 8025 Lamon Ave., a two-building life sciences portfolio within The Illinois Science + Technology Park, located in Skokie, IL. Crain’s Chicago Business reported the sale price at $75 million. 

A JLL team of Sam DiFrancesca, Patrick Shields, Jaime Fink, Jeffrey Bramson, Bruce Miller and Nick Psyllos marketed the property on behalf of the seller, American Landmark Properties, procured the buyer, Chicago-based Singerman Real Estate. JLL’s Danny Kaufman and Lucas Borges arranged the acquisition financing.   

“The lending community expressed a strong desire to place capital in Chicago’s emerging life sciences cluster,” said Borges. “The level of lender interest in this portfolio is further testament to Chicago’s significant growth potential within the life sciences space.”    

JLL agency leasing professionals Max Zwolan and Scott Brandwein also supported the transaction and will continue to handle the portfolio’s leasing for the buyers. 

Photo credit: McShane Fleming Studios.

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JLL's DiFrancescaJLL's Borges

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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