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Karger Center

The City of Highland Park has decided to put the Karger Center Property (the Property), up for sale for potential redevelopment. A 2014 comprehensive assessment of City owned real estate identified the Property as rapidly aging with escalating operating costs, which are among key factors in the decision. At the regular meeting of the City Council on May 22, 2017, an agreement was approved with Millennium Properties Real Estate, Inc. (MPI), a commercial real estate company to list the 2.6 acre Property, located at 1850 Green Bay Road for $3.5M. MPI will list the property for revitalization or redevelopment in June 2017.

Millennium Properties was identified as one of the preferred firms following a previous comprehensive review and selection process. The qualifications included MPI’s proactive approach, comprehensive marketing plan, and broad base of resources.

“We look forward to working closely with Millennium Properties as we seek a buyer for this well-located asset in the city,” stated Mayor Nancy Rotering. “We are excited about the potential of a proposal that works within our vision for the area and best serves our community.”

City Manager Ghida Neukirch stated, “This process will be transparent and done with careful consideration and due diligence. As with any revitalization or redevelopment this property will require a public planning and design review as required by the City zoning and planned development process.”

For more than 20 years, Millennium Properties Real Estate has worked with individuals and institutions to sell, buy, manage and lease their portfolios. Listing broker Susan B. Silver has more than 20 years of experience in commercial brokerage, leasing, property management and financial analysis and serves as President for Millennium Properties, where she has completed more than 750 real estate transactions totaling more than $1 billion. Silver is a Highland Park resident.

The Karger Center was built in 1966 and was leased by the City to the Park District of Highland Park to serve as the recreation center until 2005. The building currently serves as a multi-tenant facility housing the Highland Park Community Nursery School and Day Care Center, Rhythmix Gymnastics Program, and a third space, which has historically been used by a theater company. All tenants have been notified of the potential sale of the property and will see relocation of their operations.

For more information on the Karger Center, call the City Manager’s Office at 847.926.1000.  Those interested in making an offer on the property should contact Susan B. Silver, President of Millennium Properties Real Estate, Inc. at 312.338.3001.

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