LAKE FOREST, IL-Duke Realty Corp. is buying nearly 10 acres at 200 N. Field Dr. in Conway Park, at Route 60 near Interstate 94. Duke acquired the property from Wintrust Financial Corp., based here. The sales price was reportedly $11 million. The company plans to construct a 170,000-sf speculative office building on the site with an estimated cost between $35 million and $40 million, says Steve Schnur, SVP of Duke’s Chicago office group.

The four-story building is expected to be a single-tenant building, like the majority of the buildings in Conway Park, he says. Construction is expected to start in June and be completed in the summer of 2009, Schnur says. Asking lease rates have not been determined yet, but the asking lease rate for the market is $20 per sf net, he says.Duke is still working on designs for the building

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