Updated Oct 9, 2026
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Landlord: Douglas Kiersey Jr. - Dermody Properties
- Tenant: S&C Electric Company
- Brokers: Suzanne Serino, Jonathan Kohn & Christopher Volkert - Colliers; Sally Macoicz, Matthew Saddler & Christopher Johnke - Cushman & Wakefield
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
Industrial
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Players
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