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Miami Firm Acquires Deerfield Office Building

One Parkway North, Deerfield, Illinois
One Parkway North, Deerfield

An affiliate of Horn Eichenwald Investments bought a Class-A Deerfield office building, continuing the growing interest for suburban office real estate. Terms of the deal for One Parkway North were not disclosed.

One Parkway North is within Parkway North Center, an 85-acre campus west of Interstate 294 with six low-rise office buildings, an athletic club and day care and a Marriott Hotel. One Parkway North was renovated in 2016 and is 93% leased. Its anchor tenant is Essendant, a workplace supply company.

HFF's Jamie Fink, Jeff Bramson, Bryan Rosenberg, Patrick Shields and Mark Katz represented both parties. This is the second transaction within Parkway North Center in the last two years. Fulcrum Asset Advisors bought Three, Six and Nine Parkway North from The John Buck Co. for $80M in June 2016.