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2601 Protection Parkway

Updated Oct 9, 2026

S&C Electric Company Leases 295,000 Square Foot Industrial Space In Northbrook From Dermody Properties
LEASEDIndustrial

S&C Electric Company Leases 295,000 Square Foot Industrial Space In Northbrook From Dermody Properties

2601 Protection Parkway

Building Size

295,000 SF

Asset Type

Industrial

Closing

Oct 8, 2026

About this deal

AI

An industrial building with a total square footage of 295,000 is located at 2601 Protection Parkway in Northbrook, IL. The property is part of Dermody Properties' 3.2 million-square-foot Logistics Campus, representing a redevelopment of the former Allstate office campus.

Summary of transaction details:

The lease of the industrial property was facilitated by a team of brokers that included individuals from both Colliers and Cushman & Wakefield. This collaboration highlights the significant involvement of various real estate professionals in securing the deal for S&C Electric Company.

On the Map

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Industrial

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Players

Jonathan Kohn

Colliers

Broker

$5.2M

vol

6 deals

Broker
Douglas Kiersey Jr.

Douglas Kiersey Jr.

Dermody Properties

Landlord

$510M

vol

12 deals

Landlord
S&C Electric Company
S&C Electric CompanyTenant
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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

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