JLL completes sale of specialized industrial facility in Lake County, IL

CHICAGO, Sept. 2, 2025 –  JLL Capital Markets announced today the sale of 560-562 E. Bunker Ct., a 73,150-square-foot multi-tenant light industrial property located in Vernon Hills, Illinois, within Lake County's Chicago metropolitan area.

JLL represented JMS Capital Group in the sale to Wisconsin-based Luther Group. The transaction marks the firm’s second Illinois acquisition as it expands beyond the Greater Milwaukee and Southeastern Wisconsin region.

“This acquisition underscores our commitment to expanding our footprint beyond Wisconsin with continued investment in strong Midwest markets,” said Jason Luther, Managing Partner and President of Luther Group.

The property sits strategically at the intersection of Illinois Route 21 and Illinois Route 60, providing immediate access to Interstate 94 and serving Chicago's affluent North Shore communities. Built in 1990 on 4.41 acres, the facility features 24-foot clear heights, three interior recessed loading docks, three drive-in doors and 227 parking stalls.

The building is currently fully leased to four tenants with a 5.2-year contractual weighted average lease term. The tenant roster spans home appliance, sports and recreation and water and wastewater treatment industries. Each tenant has invested significantly in specialized build-outs tailored to their unique operational requirements.

The property is positioned within Continental Executive Parke, a 600-acre master-planned business park originally developed by Prentiss Properties. The location benefits from proximity to major corporate occupiers, including CDW and Heathrow Scientific, while nearby amenities include Hawthorn Mall, Mellody Farm retail and various dining and shopping destinations.

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Director Kurt Sarbaugh and Senior Managing Director Jaime Fink.

"The property’s combination of highly committed tenants with specialized operations, a staggered lease rollover schedule and a location that benefits from strong demographic fundamentals creates compelling value for investors," said Sarbaugh. "560-562 E. Bunker Ct. offers the ability to enter a mature Lake County industrial market at a discount to replacement cost, while also benefiting from ownership that has historically maintained the property to top-line standards."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

After a twelve-year career with PWA, John Schneider founded JMS Capital Group in 2015. JMS Capital Group provides wealth services for individuals and businesses. For individuals, JMS Capital Group provides investment management, private equity investment, wealth preservation strategies, and social security advice. For businesses, JMS Capital Group manages retirement plans, insurance investments, and risk management plans. The company is headquartered in suburban Pittsburgh, in Sewickley, PA. JMS Capital Group Wealth Services is an SEC-registered investment advisor.  

Founded in 2012, Luther Group is a fast-growing real estate advisory, investment, brokerage, acquisition, development, and management firm. Headquartered in Elm Grove, Wisconsin, the firm has completed more than $1.3 billion in projects and facilitated over $500 million in sale and lease transactions, fueling its continued expansion across the Midwest.

In 2025 alone, the firm has launched a second investment fund, completed construction and broke ground on multiple speculative industrial developments, and welcomed five new shareholders.