Spanning more than 30 acres, the property represents a significant value-add opportunity for prospective buyers looking to capitalize on the region’s established corporate ecosystem. Designed by Shaw & Associates, the campus features four buildings constructed between 1986 and 1990, blending classic architectural finishes with modern amenities such as full-service dining, fitness facilities, and extensive conference space. The site’s current vacancy of 197,000 square feet offers clear potential for repositioning in a market that prioritizes high-quality, amenity-rich environments.
Hilco Real Estate Sets September 10 Bid Deadline for Deerfield Campus
Investors have until September 10 to submit bids for the leasehold interest in Corporate 500, a sprawling four-building office complex in Deerfield, Illinois. The 696,770-square-foot campus, located within the affluent North Shore, is currently 72% occupied by a diverse roster of tenants across the healthcare and life sciences sectors.
Steve Madura, managing director at Hilco Global, noted that while the broader office sector faces headwinds, demand remains resilient for well-connected, high-quality assets. The campus is supported by the Lake County life sciences hub, which hosts major firms including AbbVie, Baxter, and Pfizer. With immediate access to the Edens Expressway and Tri-State Tollway, the property is positioned to serve corporate users who require proximity to O'Hare International Airport and the broader Chicago metropolitan area. The sale is being conducted by Hilco Real Estate in cooperation with First Financial Network.
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