The property involved in this transaction is a 19.4-acre office site located at 1900 East Lake Avenue in Glenview. The sale price was $14 million. The buyers, Keith Jacobs of Generation 4 and Brian Hoffman of Red Seal Homes, have intentions to develop the site into a residential neighborhood consisting of 60 homes.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $14,000,000
• Buyer: Keith Jacobs - Generation 4
• Buyer: Brian Hoffman - Red Seal Homes
• Seller: Matt Garrison - R2 Companies
• Broker: KC Kaage - Compass
• Lot Prices: $399,900–$725,000
• Lots Under Contract: 24
• Target Demographic: Empty-nesters with 75% ranch-style or first-floor primary bedrooms
• Demolition and Site Infrastructure Work Start: Early 2026

In this transaction, Keith Jacobs represents Generation 4, while Brian Hoffman represents Red Seal Homes, both collaborating to acquire the site from seller Matt Garrison of R2 Companies. KC Kaage from Compass acted as the broker facilitating this deal.