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best practice set up account for use by multiple departments with different addresses and phones

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Looking for the best way to set up accounts so that multiple departmental groups can see 'global' address and phone information (with restricted update access) and have sales departments have their own address/phone attached to account. Activity data will not be shared across sales departments and each sales department will have its own sales contacts/activities/opportunities/etc. I know this can be done using parent company type of setup and defining departmental accounts as children but think this can be cumbersome when a child account could logically have multiple children of its own withing a departmental sale group. 

Sales groups are currently defined by a regional area currently as well with security set up to restrict access by team and business unit. Thus restriction must also be carried over into whatever new scheme is identified.

Is there a good way to have a common high level account outside of the parent account method ? I am thinking of creating a new type of entity but want the functionality of an account as defined by CRM. Migrating to CRM 2016 and later to 365. Currently running 2013.


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