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1 N Wacker Dr, Chicago, IL,...

The Jordan Company Leases Office Space From Irvine Company Office Properties At 1 N Wacker Dr
LEASED

The Jordan Company Leases Office Space From Irvine Company Office Properties At 1 N Wacker Dr

1 N Wacker Dr, Chicago, IL, 60606

Building Size

8,653 SF

Asset Type

Closing

Nov 19, 2023

AI

The property located at 1 N Wacker Dr, Chicago, IL, 60606 encompasses an area of 8,653 square feet. It operates within the Chicago market. The landlord for this transaction is Irvine Company Office Properties, and the tenant secured is The Jordan Company.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not disclosed
  • Tenant: The Jordan Company
  • Tenant's Representative: Christine Bower, JLL
  • Landlord: Irvine Company Office Properties
  • Square Feet: 8653

This transaction involved key industry representatives, notably Christine Bower from JLL, who represented The Jordan Company in this lease agreement with Irvine Company Office Properties, showcasing notable participation from both sides in the lease negotiation process.

Players

Christine Bower

JLL

Broker

2 deals

Broker
TC
The Jordan CompanyTenant

Chicago CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93