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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Colliers’ Devine and Disse Broker Sale of Siemens Facility to Lightstone 

Colliers’ Jeff Devine and Steve Disse represented a private investor in the sale of 990 and 1000 Deerfield Pkwy., a 226,384-square-foot lab/warehouse center in Buffalo Grove, IL. New York City-based Lightstone acquired the facility for an undisclosed amount. 

“This is a great building that has been meticulously owned and managed since development,” said Disse, executive managing director with Colliers Chicago. “It is in the heart of Lake County, known as the high tech and pharmaceutical corridor of Chicago. Lake County has numerous Fortune 500 companies in the healthcare, insurance and financial services industries, which has allowed the area to outperform the greater Chicago marketplace in real estate.” 

Built in 1985, the 1000 Deerfield facility has had significant upgrades in the past 24 months. It’s fully leased to Siemens, which has occupied the space since 1987. It serves as Siemens U.S. Engineering headquarters. 

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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 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).

  • ◦Sale/Acquisition