The suburban office complex that houses football helmet maker Riddell has quietly hit the market in Des Plaines, with its out-of-town owner looking to cash out while the O'Hare submarket still has buyer interest. The 1700 W. Higgins Road campus, known locally as the 1700 Higgins Centre, is being quietly floated to institutional buyers and potential occupiers, with Riddell still in place as the building's largest tenant.
As reported by CoStar, the property is being marketed by CBRE brokers David Knapp and Maurycy Filecki and is pitched as an investment anchored by a national tenant. CoStar also frames the listing as one more example of office values resetting across the country as owners test what buyers are willing to pay.
The CBRE materials for 1700 Higgins spotlight suburban comforts like covered executive parking, e car chargers and flexible "Generator" coworking space. The marketing package features floor plans, a leasing brochure, a rundown of available suites and notes on vacancy prep and recent common area upgrades, all available through the listing team.
Who Occupies The Building
Riddell, the nationally known football helmet manufacturer, lists its corporate address at 1700 W. Higgins Road and is identified as the largest tenant in the complex. That anchor spot is the kind of detail investors zero in on when they dissect rent rolls and lease expirations. As noted by CoStar, the seller is an Australian investor that has been an active player in U.S. suburban office deals.
Why The Sale Matters
The offering gives buyers a shot at stabilized cash flow near O'Hare, where highway access and plentiful parking still help keep suburban offices in the mix. A prior public listing for the 1700 Higgins Centre pegged the building at about 135,151 square feet and roughly 86 percent leased, according to LoopNet. With a national brand tenant on the roster and a package of standard suburban amenities, the campus could stand out for buyers hunting yield in what remains a slow office market.
Next Steps For Buyers
CBRE is fielding inquiries and circulating detailed offering documents to qualified investors through its marketing team. Prospective buyers can request the brochure and leasing information directly from the listing brokers via the property page on CBRE. Local landlords and investors will be watching to see whether a deal here resets suburban pricing benchmarks in the O'Hare submarket and what that might signal for other nearby office properties.
