Allstate is transitioning most of its employees at the Northbrook property to remote work. Dermody is planning to demolish the office property and replace it with 11 industrial buildings totaling 3.2 million sf.
Crain's Chicago Business Dermody Properties has agreed to pay $232 million, or $122.11/sf, for the 1.9 million-square-foot office property at 2775 Sanders Road in Northbrook, Ill., about 25 miles northwest of Chicago. The deal is expected to close next year. ...
Crain's Chicago Business Connor Group has brought the Tapestry, a 290-unit apartment property in Northbrook, Ill., to the sales market. The Dayton, Ohio, investor, which had purchased the property in 2017 for $81.4 million, or $280,690/unit, has hired ARA Newmark ...
Crain's Chicago Business KBS Realty Advisors is offering for sale Edens Corporate Center, a 188,040-square-foot office property in Northbrook, Ill., about 22 miles northwest of Chicago. The Newport Beach, Calif., real estate company has hired JLL's Chicago office to market ...
Davis, a Boston investment manager, had acquired a defaulted loan against the suburban Chicago complex in 2011 and took the property a year later through a deed-in-lieu of foreclosure. It spent about $15 million to acquire the loan, whichwas securitized ...
Carey financed the deal with a $36.5 million loan from Wells Fargo Bank.
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