The Optima-Center property is built on land covered by a 99-year ground lease, explains Marcus & Millichap Real Estate Investment Brokerage Co., and a rent increase is expected in seven years, though the amount was undetermined. A potential lender also withdrew its funding proposal in the wake of the Sept. 11 terrorist attacks, the firm adds. Still, 10 offers were garnered by senior investment associate Scott Harris and senior associate Howard Wiese.
The first two floors of the building, located a half-block from the Highland Park Metra commuter rail station, have 14,000 sf of office and retail space. The third and fourth floors offer 18,500 sf of space used for doctors' and dental offices. There are multifamily rental units on the top three floors.
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