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3075 Sanders Road

PepsiCo Leases 351,520 SF Industrial Facility At 3075 Sanders Road In Glenview
LEASEDIndustrial

PepsiCo Leases 351,520 SF Industrial Facility At 3075 Sanders Road In Glenview

3075 Sanders Road

Building Size

351,520 SF

Asset Type

Industrial

Closing

Aug 7, 2025

AI

Pepsi Beverages Co. leased a 351,520 SF build-to-suit facility at 3075 Sanders Road, located in Glenview. This industrial asset is a part of The Logistics Campus, which spans 3.2 million square feet, owned by Dermody Properties. Site work for the new facility is currently in progress, with occupancy planned for February 2026.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 3075 Sanders Road
  • Market: Glenview
  • Landlord: Douglas Kiersey Jr. - Dermody Properties
  • Tenant: Ramon Laguarta - PepsiCo
  • Landlord's Representative: Colliers
  • Tenant's Representative: Cresa

Douglas Kiersey Jr. represented the landlord, Dermody Properties, while Cresa acted as the representative for tenant Ramon Laguarta of PepsiCo. This lease exemplifies a notable collaboration between prominent firms in the logistics sector.

Players

Cresa
CresaBrokerage
Colliers
ColliersBrokerage

Douglas Kiersey Jr.

Dermody Properties

Landlord

$510M

vol

8 deals

Landlord
Dermody Properties
Dermody PropertiesLandlord

Northbrook Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93