Net-Leased Customer Care
For Sale
Contact for pricing
8560 S Cottage Grove Ave, Chicago, IL 60619
Newly renovated office facility is 100% net-leased to Discover with a corporate guaranty and more than nine years remaining.
Property Size127,169 SF
Days on Market132
Property Features for 8560 S Cottage Grove Ave
General Information
Standard status
Active
Size
127,169 SF
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
JLL - New York City, New York
Listed By:
Alex Geanakos · License #IL: #475.189621
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 8:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - New York City, New York
Investment Insights
Based on property information with market context.
Jones Lang LaSalle Americas, Inc. has set a bid deadline of Thursday, October 20th, by 5 pm CST for the brand new Discover Customer Care Center in Chicago. The newly renovated 127,169-SF office property is 100% net-leased to Discover Products, Inc., with a corporate guaranty from Discover Financial Services.
The lease has more than nine years of remaining term. The center is Discover’s first new customer care center in 20 years, and it is expected to house approximately 1,000 employees by 2024.
The offering reflects tenant investments and landlord improvement allowance that supported the renovation and buildout for the customer care use.
The lease has more than nine years of remaining term. The center is Discover’s first new customer care center in 20 years, and it is expected to house approximately 1,000 employees by 2024.
The offering reflects tenant investments and landlord improvement allowance that supported the renovation and buildout for the customer care use.
Key Highlights
- 127,169‑SF newly renovated customer care center in Chicago, IL
- 100% net‑leased to Discover Products, Inc.
- Corporate guaranty from investment‑grade Discover Financial Services (Discover)
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Newly renovated office facility is 100% net-leased to Discover with a corporate guaranty and more than nine years remaining.
Where is this office building located?
The property is located at 8560 S Cottage Grove Ave Chicago, IL.
What are key features of this property?
This property features: 127,169‑SF newly renovated customer care center in Chicago, IL; 100% net‑leased to Discover Products, Inc.; Corporate guaranty from investment‑grade Discover Financial Services (Discover)
