Chicago-based Friedman Properties has appointed Colliers International and RKF to market a prominent 2.77-acre parcel of land located at 8201 West Higgins Road in Chicago for purchase, lease or build-to-suit. Jason Simon, Francis Prock and Darryl Silverman, principals with Colliers’ Suburban Office Advisory Group, will handle office leasing, while Anthony Campagni, Elan Rasansky and Cooper Annenberg of RKF will handle retail leasing.
“Very few parcels remain in the O’Hare market with the level of visibility and accessibility offered by 8201 West Higgins. This is truly a unique opportunity for a corporation to put their stake in the ground,” said Jason Simon. “With ample access to public transit and highways, the airport and hotel accommodations, the site is ideal for a corporate headquarters. The location is both Chicago and suburban friendly, allowing a user to draw talent from both the city and suburbs.”
The 8201 West Higgins site, available for immediate possession, has entitlements in place for office, retail or hybrid developments up to 500,000 square feet. The site is located directly along I-90 (Kennedy Expressway) at Cumberland Avenue and is just 2.6 miles from O’Hare International Airport. The site is also conveniently located to public transportation with the CTA Cumberland Blue Line station within walking distance. Prominent building top signage is available to a daily traffic count of 271,000 at the gateway to the O’Hare market.
Absorption for 2017 in the O’Hare market totaled 123,026 square feet, according to Colliers | Chicago’s Suburban Office report for Q3 2017. At 14 percent, O’Hare continues to have the lowest Class A vacancy in all the suburban submarkets, and there are currently only three Class A blocks with over 100,000 square feet of contiguous office space available.
“This is an amazing marketing opportunity for tremendous exposure to the hundreds of thousands of people, both locals and visitors, traveling along the Kennedy Expressway,” said RKF Vice President Anthony Campagni. “It offers a retailer or restaurateur a flagship location in an area with ongoing expansion, driven by business growth and changing demographics with many exciting, high-profile companies in the immediate vicinity.”
Numerous other corporations are headquartered near 8201 West Higgins Road, including U.S. Cellular, True Value, Power Construction and US Foods.
For more information on 8201 West Higgins, visit www.8201Higgins.com.