- For Sale Contact for pricing
- Property Type Office
- Property Size 251,229 SF
- Lot Size 6.3 Acre
- # of Floors 7
- Parking Spaces Avail. 560
- Parking Ratio 2.23 / 1,000 SF
- Building Class A
- Year Built 2008
- Date Updated Oct 6, 2026
Description
$2,250,000 Starting Bid
Auctioneer: Scott Bowers
Auctioneer Company: c/o Fisher Auction Company Inc.
Auctioneer License: 040000273
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire the fee simple interest in Highland Landmark V (the “Property” or “Opportunity”), a boutique 251,229 RSF Fortune 500 headquarter quality Class A office asset located within the premier Eastern East-West Corridor submarket of suburban Chicago, Illinois. Strategically situated within the tax advantage boundaries of DuPage County, Highland Landmark V was constructed in 2008, placing the Property amongst the newest generation of suburban Chicago office assets, which comprise only 3.5% of the total market inventory.
Solely occupied by BBB+ investment grade credit and Fortune 500 tenant Dover, which has maintained its global headquarters at the Property since 2010, Highland Landmark V is currently 32.2% leased with 4.0 years of weighted average remaining lease term (“WALT”). With four full floor top-of-building vacancies totaling approximately 139,000 RSF of contiguous availability, the Property offers a rare opportunity to create value through lease up. Ownership recently significantly renovated and expanded the amenity package in 2025, positioning the Property to capture tenant demand in a market increasingly benefiting from the ongoing flight-to-quality trend.
Strategically located adjacent to I-88 and I-355 with direct access to Downtown Chicago, Oak Brook, O’Hare International Airport, and an extensive amenity base, Highland Landmark V combines premier regional connectivity, DuPage County’s significant real estate tax advantage, and top-of-building signage potential to create a compelling reset-basis investment opportunity at a substantial discount to replacement cost.
Investment Grade Anchor Tenancy
Fortune 500 tenant Dover has held its global headquarters at the Property since 2010.
Top-of-Building 139,000 RSF Contiguous Block
Four full-floor vacancies form a rare top-of-building contiguous block for a value-add lease-up.
DuPage County Tax Benefit
The Property benefits from DuPage County's significant real estate tax advantage for owners.
Positioned for Flight-to-Quality Demand
2008-plus vintage assets make up just 3.5% of the total suburban Chicago office market.
Strategically Located Near Key Corridors
Adjacent to I-88 and I-355, with direct access to Downtown Chicago and O'Hare Airport.
Reset Basis Below Replacement Cost
Positioned at a substantial discount to replacement cost versus new suburban Chicago construction.
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Contacts
RealINSIGHT Marketplace
Location
Located at 3005 Highland Pkwy, Downers Grove, IL 60515, this property is part of the Lyman Woods County Forest Preserve neighborhood and Chicago market.
RealINSIGHT Marketplace
