facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

All

/

Lease

/

360 N Green St, Chicago, IL...

Boston Consulting Group Leases 250,000 Sq Ft At 360 N Green, Chicago
LEASED

Boston Consulting Group Leases 250,000 Sq Ft At 360 N Green, Chicago

360 N Green St, Chicago, IL, 60607

Building Size

250,000 SF

Asset Type

Closing

Nov 22, 2023

AI

Located at 360 N Green St, Chicago, IL, 60607, the property is a 24-story, 500,000-square-foot office and retail development in Chicago's Fulton Market district. Boston Consulting Group (BCG) has signed a 15-year lease for roughly 250,000 square feet of office space in this building, where they plan to move 1,000 of their Chicago-based employees. The developers of this building are Sterling Bay and J.P. Morgan Global Alternatives, with the design done by Gensler. Construction of the building is set to commence in the summer.

Summary of transaction details:

  • Property Type: Office and Retail
  • Transaction Amount: Not Disclosed
  • Landlord's Representative: Russ Cora (Sterling Bay)
  • Tenant: Boston Consulting Group
  • Landlord: J.P. Morgan Global Alternatives
  • Square Feet: 250,000

Nancy Pacher, Lisa Konieczka, and Meredith Bell Frese of CBRE acted as representatives for the tenant, Boston Consulting Group. On the other side, Russ Cora and Jess Brown represented ownership internally. This lease agreement signifies a significant move for BCG, positioning them in a prime location within Chicago's thriving business district.

Players

Russ Cora

Sterling Bay

Broker

4 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
J.P. Morgan Chase
J.P. Morgan ChaseLandlord

Chicago CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

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