Hilco Real Estate secures buyer and facilitates closing within 40 days
Hilco Real Estate, LLC (www.HilcoRealEstate.com) announced the sale of a Class-A office building located just off Route 22 and Waukegan Road in desirable Bannockburn, Illinois. The property, Bannockburn Lake Office Plaza Complex, was on the market for over two years before the owners engaged Hilco Real Estate to sell the property. Once Hilco Real Estate took over the sales process and implemented their targeted marketing strategy, it took only 40 days to secure a buyer and facilitate the closing.
Joel Schneider, Senior Vice President of Hilco Real Estate stated, “We were very pleased with the result of the transaction considering the current levels of demand for Class A office space in the northern suburbs. It was a challenge to find the right user for the property but the true turn-key opportunity for the buyer is a testament to the previous owner's care of the property, combined with our unique sale strategy.”
About Hilco Real Estate: Hilco Real Estate, (“HRE”) a unit of Hilco Global, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of accelerated real estate disposition services. Acting as an agent or principal, HRE applies its vast experience to advise and execute strategies, helping both healthy and distressed clients to derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.