Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, announced the acquisition of 2800 Forbs Avenue in the Northwest Cook County submarket of Chicago. The 135,940-square-foot, Class-A warehouse and distribution center is available for lease and located within Prairie Stone Business Park at Interstate-90 and Route 59, twenty minutes from O’Hare International Airport.
Surrounded by forest preserve, Prairie Stone business park provides a blend of technology and tranquility. The building sits adjacent to a significant number of retail, restaurant and hotel amenities which have become critical assets for attracting and retaining employees.
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.
The property features a 15,150-square-foot office area, a fully air-conditioned warehouse, 3,000 amps of power, a 30-foot clear height, 216 car parking stalls and a unique drive-through perfectly suited for today’s evolving business-to-business and direct-to-consumer logistics models.
Hoffman Estates is bisected 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 of industrial real estate along the corridor is due in large part to the widening of Interstate-90 to five lanes which was finished in 2019, allowing for improved drive times and accelerated demand outside O’Hare.
Britt Casey and Al Caruana of Cushman & Wakefield are the leasing brokers for the property.
