CHICAGO—The west suburban town of Lombard could soon see a major development take shape on a big chunk of green space in the heart of its retail district. The Northern Baptist Theological Seminary has owned and occupied the 27.5-acre site for about 60 years, but school officials plan on moving the campus to Lisle, and decided it was time to sell.
“For an infill suburban site, this is really large,” says James Hanson, a principal of Avison Young. The company has secured the exclusive listing for the property. Hanson and William Cohen, a senior vice president in the firm's Chicago office, are representing the owner.
Hanson says the campus, located at 660 Butterfield Rd., sits within the 30 million square foot East-West Corridor office submarket, the suburbs' largest, and a similarly dense retail submarket of 27 million square feet. “It's almost an urban node within the suburbs.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
