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920 W Cullerton St, Chicago...

Health Care Service Corp Leases 103533 Square Feet At 920 W Cullerton St Chicago From Condor Partners
LEASED

Health Care Service Corp Leases 103533 Square Feet At 920 W Cullerton St Chicago From Condor Partners

920 W Cullerton St, Chicago, IL, 60608

Building Size

103,533 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is an office lease at 920 W. Cullerton St., Chicago, IL, 60608. It encompasses a total of 103,533 square feet. The location is part of Mural Park, a redevelopment project featuring two historic industrial loft buildings in Chicago’s Pilsen neighborhood, which was completed in January 2019. Currently, Mural Park is 63 percent leased, with Health Care Service Corp. being the latest tenant.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not specified
  • Tenant: Health Care Service Corp
  • Landlord: Condor Partners
  • Address: 920 W Cullerton St, Chicago, IL, 60608
  • Square Feet: 103533
  • Market: Chicago
  • Tenant's Representatives: Matthew "Matt" Carolan-JLL, Meredith O’Connor-JLL, Amy "Berg" Craig-JLL
  • Landlord's Representative: Katie Steele-Transwestern
  • Brokers: Jeff Dowdell-Transwestern

The lease transaction involved key representatives including Jeff Dowdell and Katie Steele, who represented the landlord, Condor Partners. The tenant, Health Care Service Corp., was represented by Sean Reynolds, Meredith O’Connor, Matthew Carolan, and Amy Berg from JLL.

Players

Sean Reynolds

Broker

$12.7M

vol

3 deals

Broker
HC
Health Care Service CorpTenant

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