Newmark Knight Frank (NKF) is pleased to announce that the firm has been appointed as the exclusive leasing agent of 400 Skokie Boulevard in Northbrook, Illinois. Purchased by Ameritus Real Estate Investment (Ameritus) in December 2017, the property will undergo an extensive redevelopment with sizable capital improvements.
Built in 1984 and partially renovated in 2012, 400 Skokie Boulevard is an eight-story, 220,175-square-foot, multi-tenant office building that features a WI-FI café, fitness center, conference center, on-site storage as well as two terraces on the second floor. The property benefits from its location in the well-established North Suburban office market and its proximity to I-94. The location also provides tenants with easy access to a myriad of restaurants, hotels and retail stores.
Scheduled for completion in Q4 2018, the capital improvements to 400 Skokie Boulevard will feature upgrades to the building’s exterior, lobby, elevator cabs, corridors, restrooms, parking lot and landscaping. All of the tenant amenity spaces are being modernized with significant upgrades to the tenant lounge, fitness center and conference center. Once complete, 400 Skokie Boulevard will feature new spec suites and flexible floor plates benefiting both small or large tenants. NKF Senior Managing Directors John Clark and Rob Lundin will lead the brokerage team.
“This redevelopment by a successful and stable ownership group will strengthen 400 Skokie Boulevard’s position within the market,” stated Lundin. “Combining that with the property’s excellent location and strong tenant roster, will bring the property to its full potential.”
Whitney Architects is providing the architectural design services for the redevelopment project. 400 Skokie Boulevard is professionally managed in-house by Ameritus.
Ameritus LLC is a uniquely positioned commercial real estate investment and service firm based in Chicago. Since its founding in 1999, Ameritus LLC has managed and leased properties totaling over ten million square feet for third party clients and its own account. The firm invests in and operates commercial and multi-family real estate with a focus on Midwest markets where its knowledge and relationships create a competitive advantage. For further information, visit www.askameritus.com.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
Discussion of Forward-Looking Statements about Newmark
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