Newmark has been engaged as the exclusive sales agent for 1350 Touhy Plaza, a 244,049-square-foot office property in Des Plaines, Illinois, near O’Hare International Airport. The assignment covers the marketing and disposition of the multi-tenant office asset on behalf of its current ownership.
The seller is a partnership between Deer Park Investors and Marc Realty, which has retained Newmark to lead the offering process. The Chicago-based capital markets team is led by Senior Managing Director Derek Fohl, Executive Managing Director Jim Postweiler, Senior Managing Director Peter Harwood and Associate Director Jack Trager, with analytical support provided by Associate Jake Paschen. The property is being brought to market with pricing guidance described as in the low $20 million range.
According to Newmark, 1350 Touhy Plaza is positioned as a value-add opportunity within the O’Hare office submarket. The brokerage notes that the asset offers significant mark-to-market potential for investors able to reposition the rent roll over time. Fohl characterized the offering as a unique point-in-time opportunity suitable for both traditional investors and potential owner-users, highlighting its location and amenity package as key differentiators.
The property is located less than a mile north of O’Hare International Airport, providing immediate access to one of the region’s primary transportation hubs. This proximity is likely to be relevant for occupiers with regional and national travel needs and for investors focused on airport-adjacent office product in the broader Chicago metropolitan area.
Amenities at 1350 Touhy Plaza include heated underground parking, which can be a differentiator in a cold-weather market, as well as on-site wellness and food offerings. The building features a 2,200-square-foot fitness center equipped with locker rooms and showers, supporting tenant demand for workplace wellness infrastructure. In addition, the property includes a 3,400-square-foot Halsted Street Deli and a 2,750-square-foot conference room, enhancing on-site food service and meeting capacity for tenants.
The offering of 1350 Touhy Plaza comes at a time when investors continue to scrutinize office fundamentals and focus on assets that can be acquired at a basis that supports capital investment and repositioning strategies. The combination of airport-proximate location, structured parking, and existing amenity base may appeal to buyers seeking to execute a value-add business plan in the O’Hare submarket.
Newmark’s role as exclusive sales agent, along with the clearly stated value-add positioning and price guidance, frames the 1350 Touhy Plaza marketing process as a test of current investor appetite for well-located but non-core office assets in the Chicago area.
