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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 
Dermody Properties in Northwest Suburban Chicago Warehouse Deal

Dermody Properties in Northwest Suburban Chicago Warehouse Deal

Dermody Properties has acquired 2800 Forbes Avenue in the Northwest Cook County submarket of Chicago. The 135,940-square-foot, Class A warehouse and distribution center, is located within Prairie Stone Business Park at Interstate-90 and Route 59, and just twenty minutes from O’Hare International Airport. The property is now ready for lease.

Like elsewhere throughout the nation, warehouse space in the Chicago area continues to be highly sought after and relatively difficult to come by. Dermody feels the warehouse’s proximity to retail and restaurants, as well as its idyllic location adjacent to a forest preserve, will help attract employees in an era when finding employees can also be relatively difficult.

The property was acquired in February 2022 from Mary Kay Inc., and is being marketed for lease with the help of Cushman & Wakefield. A new Class 6B real estate tax incentive is in place to ensure the building’s real estate taxes remain competitive with adjacent Kane County.

“This is a rare, value-add opportunity in the Interstate-90 corridor where supply of modern industrial space continues to be extremely limited. Combining the supply and demand imbalance with a very pro-business community like the Village of Hoffman Estates makes this an exciting acquisition,” said Neal Driscoll, Midwest Region Partner at Dermody Properties.

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Neal Driscoll

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

  • ◦Sale/Acquisition