Avison Young acquired and leased a Class A office building in Lake Forest, Illinois, reflecting robust demand for suburban office space.

Target Information

Avison Young has successfully acquired and fully leased a Class A office building located at 1905 West Field Court in Lake Forest, Illinois. The property spans 41,812 square feet and is situated within the prestigious Conway Office Park. This acquisition, completed in March 2025, highlights the increasing demand for high-quality suburban office spaces, as evidenced by the rapid leasing activity that took place within just four months.

Tim Henry, Principal at Avison Young’s Chicago office, represented the owner, Altounian Properties, throughout the acquisition and leasing process. The tenant, Lake County Regional Office of Education, was represented by Dan McCarthy and Sophia Spinell from JLL. This partnership reflects a strategic move to optimize the office offerings in Lake Forest’s northern suburban market.

Industry Overview in Illinois

The office market in Illinois, particularly in suburban areas like Lake Forest, has demonstrated a resurgence in interest post-pandemic. Factors such as the hybrid work model have shifted preferences toward s