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
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