M&A Deal Summary

Dermody Properties Acquires The Allstate - Northbrook campus

On November 29, 2021, Dermody Properties acquired real estate company The Allstate - Northbrook campus from Dermody Properties for 232M USD

Acquisition Highlights
  • This is Dermody Properties’ 1st transaction in the Real Estate sector.
  • This is Dermody Properties’ largest (disclosed) transaction.
  • This is Dermody Properties’ 1st transaction in the United States.
  • This is Dermody Properties’ 1st transaction in Illinois.

M&A Deal Summary
Date 2021-11-29
Target The Allstate - Northbrook campus
Sector Real Estate
Buyer(s) Dermody Properties
Sellers(s) Dermody Properties
Deal Type Divestiture
Deal Value 232M USD

Target

The Allstate - Northbrook campus

Northbrook, Illinois, United States
The Allstate's Northbrook campus currently includes 2 million square feet of office space. The Allstate's Northbrook campus is based in Northbrook, Illinois.

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Buyer(S) 1

Buyer

Dermody Properties

Reno, Nevada, United States
Category Company
Founded 1960
Sector Real Estate
Employees55
DESCRIPTION

Dermody Properties is a real estate investment, development, and management firm that specializes in acquisitions and development of real estate in strategic locations for e-commerce fulfillment centers, third-party logistics, and distribution customers. Dermody Properties was founded in 1960 and is based in Reno, Nevada.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Dermody Properties

Reno, Nevada, United States
Category Company
Founded 1960
Sector Real Estate
Employees55
DESCRIPTION

Dermody Properties is a real estate investment, development, and management firm that specializes in acquisitions and development of real estate in strategic locations for e-commerce fulfillment centers, third-party logistics, and distribution customers. Dermody Properties was founded in 1960 and is based in Reno, Nevada.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
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