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Chicago & Midwest  + Greater Chicagoland  + Apartments  | 
Tucker Development and Wingspan Development Group acquired a Skokie, IL office building and plan to build a four-story mixed-use development

Tucker Development, Wingspan Partner on Skokie Apartments

A joint venture between Tucker Development and Wingspan Development Group closed on the acquisition of 5400 Old Orchard Rd. in Skokie, IL, with plans to demolish the existing office property to build a four-story mixed-use development including 245 luxury apartments, 49 rental townhomes and commercial space. It’s the first JV between the two family-owned enterprises.  

“We see strong and growing demand for well-located, highly amenitized Class A rental communities in Chicago’s suburbs across a wide variety of resident profiles – ranging from young professionals to empty nesters,” said Aaron Tucker, president and CIO for Tucker.  

Added Wingspan president Nick Papanicholas Jr., “Both Tucker and Wingspan are well-versed in creating exciting new communities in premium locations, so we really feel like this is a development dream team. We share a passion for making 5400 Old Orchard a legacy development.”   

Demolition of the two-story office property is expected to commence late this fall. 

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register. 


Inside The Story

Tucker DevelopmentWingspan Development Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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).

  • ◦Sale/Acquisition
  • ◦Development
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