CBRE Arranges Sale of 44,000 SF Medical Office Property in Schaumburg, Illinois
SCHAUMBURG, ILL. — CBRE has arranged the sale of the American Academy of Dermatology (AAD) headquarters in Schaumburg for an undisclosed price. The 44,000-square-foot medical office property is located at 930 E. Woodfield Road. The association will remain in the property through a short-term leaseback, then relocate to a new 41,459-square-foot office at O’Hare Gateway Center in Rosemont next spring. The association has a membership base of 19,000 physicians worldwide.
Peggy McTigue and Dan Bessey of CBRE represented AAD in the sale. Terry Mostrom and Jon Azuley of Savills represented the buyer, Emergency Nurses Association. The organization purchased the building with plans to relocate from Des Plaines in 2018.
In addition, McTigue and Paul Diederich of CBRE represented AAD in its lease transaction at O’Hare Gateway. Dan Svachula and Jim Ward of Cushman & Wakefield represented the undisclosed landlord.