Press Releases

Largest New Lease for the Chicago Suburbs in 2024

October 02, 2024


CHICAGO – Transwestern Real Estate Services (TRS) announces Medline Industries, LP has signed a long-term, 214,560-square-foot lease at 2375 Waterview Drive, Northbrook, Illinois. The privately held medical-surgical product manufacturer and supplier plans to move into its space in mid-2025. Transwestern’s Executive Vice President Kyle Robbins, Executive Managing Director Andrew Davidson, and Executive Vice President David Burkards represented the owner of the 432,000-square-foot office campus in the lease transaction.

Medline is the healthcare industry’s largest medical-surgical manufacturer, supply chain provider, and clinical solutions partner in the U.S. The company is expanding its presence in the north suburbs of Chicago and plans to occupy the north building of 2375 Waterview Drive.

“In today’s environment, the best assets continue to outperform the broader market,” said Robbins. “The pace at which companies have selected 2375 Waterview Drive for their tenancy is yet another sign that tenants care about high-quality work environments that are both conveniently located and offer superior amenities.”

“The 2375 Waterview Drive location is a best-in-class office building, and we are excited to expand while providing the connectivity and exceptional work environment our employees have come to appreciate,” said Medline Vice President of Real Estate and Construction Kate Slattery. “As Medline continues to grow, the company is dedicated to providing the necessary space for employees to flourish, work together and stay connected to the culture that has supported us over the years.”

Of the two office buildings at 2375 Waterview Drive, there is approximately 80,000 square feet of available space remaining inside the south building. Tenants have access to a cafeteria, 400-person multi-purpose meeting space, fitness center, new tenant lounge set to deliver next year, outdoor terraces, walkable retail, and ample parking at the mixed-use park. 2375 Waterview Drive is alongside Interstate 294, with signage opportunities that are visible to over one million cars per week. Transwestern brokers Robbins, Davidson, and Burkards have worked directly with the owners of the campus since the site selection and pre-development stages, which started in 2007. After completion, the campus won Suburban Development of the Year from BOMA Chicago in 2012.

Medline was represented by CBRE brokers James Otto, Jon Milonas, Paul Diederich, and Peter Livaditis.

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About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.

Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.

About Medline
Medline makes healthcare run better. Through its unique offering of world-class products, supply chain resilience and clinical practice expertise, Medline delivers improved clinical, financial and operational outcomes across all points of care. Headquartered in Northfield, Illinois, Medline is the healthcare industry’s largest medical-surgical product manufacturer, supply chain provider and clinical solutions partner. The company employs more than 39,000 people worldwide and operates in over 100 countries and territories. For more information, visit www.medline.com.

Media Contact:
Mason Johnson
(312) 558-3897
mason.johnson@transwestern.com
twmediarelations@transwestern.com

Kyle Robbins

Executive Vice President

Chicago, Illinois

(312) 558-3812

Andy Davidson

Executive Managing Director

Chicago, Illinois

(312) 558-3888

David Burkards

Executive Vice President

Chicago, Illinois

(312) 558-3834