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Leasehold Interest in Corporate 500 4 Office Properties in Deerfield, IL
Investment Highlights
- Approx. 72% leased with a 5.9- year weighted average lease term (WALT) providing durable income & occupancy stability
- Nearly 197,000± SF of available space creates a compelling lease-up & NOI growth opportunity
- Campus-style environment with each building offering large floor plates, abundant parking, on-site amenities & flexible tenant configurations
- Over 30 tenants across four buildings, representing healthcare, financial services, life sciences, insurance & professional services industries
- Immediate access to I-94, I-294, Lake Cook & Deerfield Metra stations, O’Hare & Chicago Exec Airport, & retail, dining & hospitality amenities
- Large tenants include Vantive, TerSera Therapeutics & Wells Fargo Wealth Advisory
Executive Summary
Corporate 500 is a rare opportunity to acquire the leasehold interest in a premier, institutional-grade office campus encompassing approximately 700,000 SF across four buildings. Situated on 31± park-like AC in Deerfield, Illinois, this offering provides investors and users with control of the existing building improvements and benefits of the related operating upside within one of the North Shore’s most established and desirable suburban office markets.
Designed by Shaw & Associates, this campus offers a downtown-quality office experience in a suburban setting, combining professional building design, expansive common areas, abundant underground and surface parking, onsite amenities and outdoor gathering spaces. Currently 72% leased to a diversified roster of 37 tenants, the asset combines durable in-place income with compelling upside potential. A weighted average lease term (WALT) of approximately 5.9 years provides income stability, while nearly 197,000± SF of available space offers a significant value-add lease-up opportunity.
Bids are due September 10. On-site inspections will be held by appointment only.
Hilco Global and First Financial Network in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Designed by Shaw & Associates, this campus offers a downtown-quality office experience in a suburban setting, combining professional building design, expansive common areas, abundant underground and surface parking, onsite amenities and outdoor gathering spaces. Currently 72% leased to a diversified roster of 37 tenants, the asset combines durable in-place income with compelling upside potential. A weighted average lease term (WALT) of approximately 5.9 years provides income stability, while nearly 197,000± SF of available space offers a significant value-add lease-up opportunity.
Bids are due September 10. On-site inspections will be held by appointment only.
Hilco Global and First Financial Network in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 692,412 SF |
| Number of Properties | 4 | Total Land Area | 31.29 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 692,412 SF |
| Total Land Area | 31.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Corporate 540
540 Lake Cook Rd, Deerfield, IL 60015 |
Office | 193,299 SF | 1989 | - |
|
Corporate 520
520 Lake Cook Rd, Deerfield, IL 60015 |
Office | 182,500 SF | 1990 | - |
|
Corporate 510
510 Lake Cook Rd, Deerfield, IL 60015 |
Office | 158,517 SF | 1986 | - |
|
Corporate 500
500 Lake Cook Rd, Deerfield, IL 60015 |
Office | 158,096 SF | 1986 | - |
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