chi-1200 Lakeside Bannockburn (4) 1200 Lakeside in Bannockburn, IL, a 260K SF property, was bought by Stonemont Financial for $77 M, one of the largest suburban office transactions of 2017.

CHICAGO—The suburban market office saw absorption and rental rates tick upward in 2017, especially among class A properties, and investors also showed more interest than in the previous year, according to a year-end report from Colliers International. And in 2018, the firm believes suburban landlords and developers will continue transforming the region by renovating well-located class B properties into class A assets, and tearing down even more of the obsolete class C offices.