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

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LEASED

Illinois

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Office159,420 SF
Leased 04/28/2025
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Property Image
LEASED

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

510 Lake Cook Road

See Similar Deals
Office159,420 SF
Leased 04/28/2025
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:159,420 SF
Transaction Type:Lease

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.

Details

LEASED
IMAGE: Chris Toth & Shaya Prager DATE: 04/28/2025 ADDRESS: 510 Lake Cook Road MARKET: Deerfield ASSET TYPE: Office ~ SF: 159,420 LANDLORD: Shaya Prager - Opal Holdings TENANT: Chris Toth - Vantive (kidney care spinoff of Baxter International) NOTE: Vantive, a Baxter spinoff recently acquired by Carlyle Group, signed a HQ lease at the troubled 510 Lake Cook Rd building in Deerfield’s Corporate 500 campus, committing $23M in buildout and 50 new jobs via Illinois’ EDGE tax credit program. The deal provides a key boost amid ongoing $106M foreclosure litigation against owner Opal Holdings, with uncertainty over lease negotiation responsibility and funding for tenant improvements.

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Deal Type
Effective Rent (Annual)

$9,137,858.20

Total Lease Value

$91,378,581.99

Net Landlord Cash Flow$9,137,858.20