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Hilco Real Estate Sets Bid Deadline for North Suburban Chicago Class-A Office Building

NORTHBROOK, ILL., Sept. 22, 2014 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC (www.HilcoRealEstate.com) today announced the bid deadline of November 12, 2014 for the sale of a Class-A office building located just off Route 22 and Waukegan Road in desirable Bannockburn, Illinois.

Formerly headquarters for IPC International, a private security company, the two-story 36,400 square foot building is situated on an expansive 9.6-acre parcel in the Bannockburn Lake Office Plaza Complex that borders the Lake County Forest Preserve.

Adhering to the highest construction standards, the property has custom finishes throughout and the high-end furniture, fixtures and equipment are also included in the offering. The property enjoys ideal proximity to Routes 22 and 41, I-94, I-294, the Chicago Executive Airport, O'Hare International Airport and downtown Chicago. The Bannockburn Lake Office Plaza Complex is a heavily-landscaped, park setting with miles of private walking trails and water features. The property features an impressive pair of C-level office suites, wooded views throughout, recently painted offices, a state-of-the-art boardroom, and a training room/auditorium. Additional property attributes include an exercise facility with locker rooms, cafeteria/break room, back-up generator, server room with supplemental A/C and one loading dock. The features/amenities of this building, together with its location, make it ideal for a wide range of users, including financial service firms, law firms, and/or medical office.

Additional information about the property can be found by visiting www.hilcorealestate.com/2111waukegan or feel free to contact a member of the Hilco transactional team at (847) 849-2939 with any questions or to schedule a tour.

Bids are due on or before 5:00pm CST, November 12, 2014.

Joel Schneider, Senior Vice President of Hilco Real Estate stated, "This sale represents an exceptional opportunity for buyers to acquire a premium corporate property ideal for an international or regional headquarters. As a fully-furnished building with advanced technological underpinnings, the property provides a turnkey scenario for an end-user to be up and running almost immediately. Combine the quality of construction and park-like setting with the low Lake County taxes, and you have an ideal opportunity for any company looking to expand their current operations or relocate to the North Shore submarket."

Schneider continued, "Date-certain sales continue to grow as one of the leading disposition strategies for institutional and private owners of premium assets across North America due to their swift timeframe, transparency, and surety of closing. It eliminates the time and cost associated with a conventional listing by setting a firm date when the property will be sold. In this industry, Hilco is a leader."

Detailed due diligence material is available for the property on www.hilcorealestate.com/2111waukegan. The website contains property specific information, a Property Condition Assessment, Phase I Environmental, Survey, Title Commitment and other important information.

About Hilco Real Estate: Hilco Real Estate, ("HRE") a unit of Hilco Global, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of accelerated real estate disposition services. Acting as an agent or principal, HRE applies its vast experience to advise and execute strategies, helping both healthy and distressed clients to derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.

CONTACT: Gary Epstein Hilco Global Office: 847-418-2712 Mobile: 847-323-4943 Email: gepstein@hilcoglobal.com

Source: Hilco Global