Transwestern Brokers Sale and Advises on Unique Repositioning Opportunity
September 12, 2019
DEERFIELD, IL – Transwestern Commercial Services (TCS) today announces it brokered the sale of 1717 Deerfield Road in Deerfield, Illinois. The 147,096-square-foot property was purchased by Canada-based investment group Progressif and Schaumburg-based Helios Property Management. TCS Managing Director Gary Nussbaum and Associate Director Paige Gunn provided disposition services on behalf of the seller, Hudson Advisors.
“1717 Deerfield Road offered investors an opportunity to reposition and lease a high-vacancy property at the Deerfield Road and Interstate 294 interchange for a relatively low price per square foot,” said Nussbaum. “The building will compete well as a lower-cost alternative to the Parkway North buildings to the west.”
The three-story building, offering approximately 50,000-square-foot floor plates, is currently 21.2% leased by accounting and consulting firm Warady & Davis LLP. The property at 1717 Deerfield Road is one of four competitive multitenant buildings in the market that can offer large contiguous space divisible between 45,000 and 115,000 square feet.
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Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.