CBRE Markets Redevelopment Opportunity in Deerfield
CBRE is bringing to market a 37.5-acre mixed-use redevelopment opportunity in Deerfield, IL. Tony Gange, Matt Ishikawa, Brain Buckingham and Tom Svoboda have been retained to market the opportunity.
The site at 1411-1435 Lake Cook Rd. represents a rare infill mixed-use redevelopment opportunity in a high barrier-to-entry submarket. Currently, the property contains 575,000 square feet of midrise, Class B offices across five buildings as well as surface parking.
“Infill redevelopment at this scale in the North Shore does not come around often and the wide scope of viable future uses at this site will attract interest from an array of developers and investors,” said Svoboda. “This blank canvas property has the market fundamentals to bring an exciting large-scale vision to life.”
The property is highly visible and accessible along the major Lake Cook Road thoroughfare, and is less than one mile east of two major Interstates, I-94 and I-294.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).