Caremark Tower I | Northbrook, IL
Caremark Tower I is a premier Class A office building in suburban Chicago's affluent North Shore. Caremark Tower I is located at 2215 Sanders Road where Northbrook converges with Glenview, Illinois. The 5-story multi-tenant Caremark Tower I building totals 172,000 RSF and is approximately 84% occupied of which 41% is occupied by CVS/Caremark. The adjacent Caremark Tower II building totals approximately 195,000 RSF is 100% occupied by CVS/Caremark and was recently purchased last year by Cole REIT.
Designed by the renowned firm of Hammond, Beebe & Babka and developed by LaSalle Partners in 1980 and 1981, Caremark Towers underwent significant renovations from 2003-2006. The Property possesses unmatched exposure and signage along Interstate 294 (Tri-State Tollway) where over 100,000 cars pass the Property each day. Additionally, Caremark Tower I boasts an extensive amenity base rarely available in suburban office buildings of its size. The Property offers a state-of-the-art fitness center with showers, locker rooms, modern equipment and flat panel televisions, executive conference facilities, a Starbucks coffee shop, and a full serve café in the adjacent Caremark Tower II. The Property has 676 surface parking spaces, providing a healthy ratio of 3.9/1,000. The property was purchased in a joint venture between Syndicated Equities Group, LLC and White Oak with acquisition financing by The Private Bank.