GLENVIEW, IL-The owner of the 83,908-square-foot Glenlake Professional Offices located at 3633 W. Lake Ave. in Glenview has been hit with a $10.2-million foreclosure lawsuit. According to a foreclosure suit, the owner defaulted on the mortgage and when it failed to pay its monthly loan in January.
A venture headed by Marc A. Harris of Chicago-based Summit Real Estate Investments Inc. purchased the property in 2006 for $13.1 million. It received a $10.6-million loan for the acquisition from UBS AG. For the full story, go to Crain's Chicago Business .
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