Joseph T. Ryerson & Co. Leases 53982 Square Feet At 1050 Warrenville Rd Lisle From Marc Realty
LEASED
Illinois
See Similar DealsCommercial53,982 SF
Leased 01/19/2018
LEASED
Joseph T. Ryerson & Co. Leases 53982 Square Feet At 1050 Warrenville Rd Lisle From Marc Realty
1050 Warrenville Rd, Lisle, IL, 60532
See Similar DealsCommercial53,982 SF
Leased 01/19/2018
Summary
ILLINOIS
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:53,982 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 1050 Warrenville Rd, Lisle, IL, 60532. It is leased by Joseph T. Ryerson & Co., encompassing a total area of 53,982 square feet. The market for this property is Lisle, and the landlord is Marc Realty. The building was originally constructed in the 1980s.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1050 Warrenville Rd, Lisle, IL, 60532
- Square Feet: 53,982
- Tenant: Joseph T. Ryerson & Co.
- Landlord: Marc Realty
- Tenant's Representative: Jonathan (Jon) Springer, CBRE
In this transaction, Jonathan (Jon) Springer of CBRE represented the tenant, Joseph T. Ryerson & Co. The previous owner, Brandywine Realty Trust, sold the asset to Winthrop Realty Trust and Marc Realty in 2006. The transaction reflects a continuous investment in the suburban office market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,094,215.66
Total Lease Value
$30,942,156.65
Net Landlord Cash Flow$3,094,215.66
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