The portfolio is a master-planned project developed adjacent to the University of Illinois by Fox Development Corp., based here, and constructed between 1989 and 2001, says Nussbaum, managing director for Transwestern. The Shoppes of Knollwood is an upscale retail center and the rest of the portfolio consists of office space. The park has "a lot of high-credit national tenants," Nussbaum says.

The Shoppes of Knollwood are located at 2131-2151 S Neil St. and a South Building at 2211-2229 S. Neil St. Nussbaum didn't know the breakdown between office and retail, however, according to Fox Development's website, the retail are of Shoppes of Knollwood consists of more than 38,000 sf.

The portfolio has always been well occupied and Nussbaum said he could not recall the development being less than 96% occupied. "It is in a market where there is a limited amount of class A office space and in a market where the class A office space tends to be 95% or better occupied," he says. Office tenants include Blue Cross Blue Shield, Allstate, Amdocs and Intel.