Dermody Properties Acquires Office Portfolio In Northbrook From Allstate For $232M

The office property located at 2675, 2700, 2755, 2775, & 3075 Sanders Rd in Northbrook has been sold in a closed transaction. The property was sold by Allstate to Dermody Properties. The sale was facilitated by Douglas Kiersey Jr., who represented Dermody Properties in the transaction. The sale took place on November 29, 2021, for an approximate price of $232,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $232,000,000 (Approx)
• Date: 11/29/2021
• Address: 2675, 2700, 2755, 2775, & 3075 Sanders Rd
• Market: Northbrook

Douglas Kiersey Jr., from Dermody Properties, played a key role as the buyer's representative in the transaction. The sale of this office property represents a significant deal in the Northbrook market, reflecting the value and demand for commercial real estate in the area.