Hilco Real Estate, LLC Announces September 10 as Bid Deadline for Leasehold Interest in Deerfield, IL Office Campus

August 19, 2026 - 03:47

Hilco Real Estate, LLC, working alongside First Financial Network, Inc., has set September 10, 2026, as the deadline for qualified bids on the leasehold interest in Corporate 500, a four-building office campus in Deerfield, Illinois. The property spans roughly 696,770 square feet and is described by the firms as an institutional-quality asset.

The campus, located within the competitive northern Chicago suburbs market, has been placed on the block as part of a structured sale process. Interested parties must submit their qualifications and bids by the stated date to be considered. The sale includes the leasehold interest, which means the buyer would assume the existing ground lease or master lease terms associated with the property.

Hilco Real Estate, a practice within Hilco Global, brings experience in disposing of complex commercial real estate assets. The company said the Deerfield campus offers potential for continued office use or redevelopment, depending on local zoning and market demand. The property's size and layout make it one of the larger available office portfolios in the area.

The announcement did not include a specific asking price, but the firms indicated that the bid process is designed to attract both institutional investors and owner-users. Additional details about the property, including leasing status and physical condition, were made available to prospective bidders upon request.

The September 10 deadline applies to qualified bidders only. The sale process is being managed through an auction-style format, with the final sale subject to approval by the leaseholder and any necessary third-party consents.