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
About this deal
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.
On the Map
Office
View full map
Northbrook Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Northbrook office sales on Traded.
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