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Chicago & Midwest  |  January 29, 2020
Paul Bubny
By: Paul Bubny

Horizon Therapeutics Strikes Deal on Former Takeda Campus

Horizon Therapeutics has agreed to purchase the three-building, 650,000-square-foot campus in Deerfield, IL that formerly housed Takeda Pharmaceuticals. Deal terms weren’t disclosed. The sale is expected to close in the first quarter, and Horizon is expected to occupy the campus in the second half of 2020.

“Lake County has a rich life sciences ecosystem and we are looking forward to continuing to contribute to and lead the growth of that ecosystem,” said Timothy Walbert, Horizon’s CEO. “This new campus gives us the flexibility to accommodate our current employees as well as our anticipated long-term growth.”

Horizon was represented by CBRE in the acquisition. Savills’ Eric Feinberg advised Takeda.

Takeda announced in fall 2018 that it would relocate its U.S. headquarters to Boston. Feinberg told the Chicago Tribune last October that developing the Takeda campus today would cost more than $260 million.

Connect Industrial Midwest is coming to Rosemont, IL on March 4. For more information, or to register, click here.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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