USG Corporation Leases 220000 Square Feet At 550 W Adams St Chicago From GLL Real Estate Partners
550 W Adams St, Chicago, IL, 60661
Building Size
220,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 550 W Adams St, Chicago, IL, 60661, encompassing a total of 220,000 square feet. It is situated in the Chicago market and serves as a lease property. The landlord for this transaction is GLL Real Estate Partners.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 550 W Adams St, Chicago, IL, 60661
- Market: Chicago
- Tenant: USG Corporation
- Landlord: GLL Real Estate Partners
- Tenant's Representatives: Brian Duffy (Cushman & Wakefield), Christopher Wood (Cushman & Wakefield), David Stefancic (Cushman & Wakefield)
- Landlord's Representatives: Joy Jordan (Sterling Bay), Emily Marquardt (The Telos Group)
This lease transaction highlights the collaboration of multiple professionals, with Cushman & Wakefield representing the tenant, USG Corporation, and Sterling Bay alongside The Telos Group representing the landlord, GLL Real Estate Partners.
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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