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JLL closes sale-leaseback with Walgreens

Chicago — Jones Lang LaSalle’s Capital Markets team has announced the completion of a sale-leaseback transaction for a portion of Walgreens Corporate Campus in Deerfield, Ill.

Realty Income purchased the 38-acre property with six buildings spanning 574,605-sq.-ft. and secured a long-term lease from Walgreens. The terms have gone undisclosed.

“Representing a rare chance to purchase office property in Chicago’s prestigious North Shore, this is an outstanding acquisition for Realty Income and will round out their portfolio nicely,” said Guy Ponticiello, a managing director with JLL’s Capital Markets group.

 

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