Dermody Properties announces the acquisition of 2800 Forbs Avenue in Hoffman Estates, Illinois

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Dermody Properties, a national real estate investment, development and private equity management firm focused exclusively on the logistics real estate industry, announced the acquisition of 2800 Forbs Avenue in the Northwest Cook County submarket in Chicago. The 135,940 square foot Class A warehouse and distribution center is available for lease and is located in the Prairie Stone Business Park on Interstate-90 and Route 59, twenty minutes from O International Airport. ‘Hare.

Surrounded by a forest reserve, Prairie Stone Business Park offers a blend of technology and tranquility. The building is adjacent to a significant number of retail, restaurant and hospitality amenities that have become key assets in attracting and retaining employees.

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

The property includes 15,150 square feet of office space, a fully air-conditioned warehouse, 3,000 amps of power, 30 feet of headroom, 216 parking spaces and a unique drive-thru perfectly suited to today’s changing environment. today. business and direct-to-consumer logistics models.

Hoffman Estates is crossed by Interstate-90 as it connects Rockford, Illinois and other western destinations to O’Hare International Airport and, by extension, the city of Chicago. The more recent growth in industrial real estate along the corridor is due in large part to the five-lane widening of Interstate-90 that was completed in 2019, providing improved drive times and expedite the request outside of O’Hare.

Britt Casey and Al Caruana of Cushman & Wakefield are the rental brokers for the property.

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