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3075 Sanders Road

Andy Xilas Of HuFriedyGroup Signs Lease For 326,000 SF Office At Dermody Properties In Northbrook
SOLDOffice

Andy Xilas Of HuFriedyGroup Signs Lease For 326,000 SF Office At Dermody Properties In Northbrook

3075 Sanders Road

Building Size

326,000 SF

Asset Type

Office

Closing

Feb 25, 2025

AI

The property asset involved in the transaction is an office space located at 3075 Sanders Road in Northbrook, with a total square footage of 326,000. The asset is part of Dermody Properties’ Logistics Campus, which encompasses 3.2 million square feet in total. This lease marks a significant transaction within Chicago’s industrial market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 3075 Sanders Road
  • Market: Northbrook
  • Landlord: Douglas Kiersey Jr. - Dermody Properties
  • Tenant: Andy Xilas - HuFriedyGroup

HuFriedyGroup has signed a lease to relocate its headquarters from Chicago’s North Rockwell Street to the new office space. This transaction contributes positively to the occupancy of the logistics campus, which has experienced challenges in attracting tenants.

Players

Douglas Kiersey Jr.

Dermody Properties

Landlord

$510M

vol

8 deals

Landlord

Northbrook Office Market Snapshot

Boundary boundary · Office · Sale 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