Chris Toth Of Vantive Signs HQ Lease At 510 Lake Cook Road With Shaya Prager Of Opal Holdings

The asset involved in this transaction is an office space located at 510 Lake Cook Road in Deerfield. The property has a total square footage of 159,420 and is situated within the Corporate 500 campus. The deal includes a significant investment for buildout totaling $23 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23M
• Address: 510 Lake Cook Road
• Market: Deerfield
• Landlord: Shaya Prager - Opal Holdings
• Tenant: Chris Toth - Vantive
• New Jobs: 50
• Tax Credit Program: Illinois’ EDGE tax credit program
• Ownership Litigation: $106M foreclosure litigation against Opal Holdings

Shaya Prager represents Opal Holdings as the landlord in this transaction, while Chris Toth represents Vantive as the tenant. Vantive is a kidney care spinoff of Baxter International and was recently acquired by the Carlyle Group. The lease agreement is part of an ongoing effort to stabilize the property amid legal and financial challenges.