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Avison Young negotiates sale of 56,700-sf office Northbrook building on behalf of Stepan Company

Avison Young negotiates sale of 56,700-sf office Northbrook building on behalf of Stepan Company December 9, 2021

New Buyer, Josselyn, to expand outpatient mental health programs; Add more therapists

Chicago, IL – Avison Young announced it has represented Stepan Company in the sale of a 5-story 56,700 square-foot (sf) office building at 1135 Skokie Boulevard, in Northbrook, IL. 

Stepan Company, the owner and seller, was represented by Avison Young’s James Hanson, Danny Nikitas, Jordan Mellovitz and Marissa Rose based in the firm’s Chicago office.

 Josselyn, the buyer, was represented by Gail Sturm of Sturm Realty, LLC.

“Stepan relocated employees to a new location so the building was being marketed vacant,” said Hanson. “Identifying an owner/user to acquire the property was critical to maximizing value in the current market”.

Josselyn provides comprehensive mental wellness care to 3,300 clients throughout the Chicago area. The expanding, 70+ year-old organization will use the new space to provide more outpatient mental health services for adolescents, teenagers, young adults and families.

“This expanded space allows Josselyn to continue growing our regional center of mental health excellence. It’s reassuring to know that our mission of ‘mental health for all’ aligns well with Stepan’s commitment to the safety, development, and well-being of people, and to actively engage within the communities in which we operate. We look forward to being good neighbors to those in the area,” said Susan Resko, CEO of Josselyn.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a  private company, our  clients collaborate with an empowered partner who  is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2021 winner of the Canada' s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.

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