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Dayton Street Partners Leases 12700 SF Commercial Space In Chicago

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LEASED

Illinois

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Commercial12,700 SF
Leased 03/07/2019
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LEASED

Dayton Street Partners Leases 12700 SF Commercial Space In Chicago

1500 W Carroll Ave, Chicago, IL, 60607

See Similar Deals
Commercial12,700 SF
Leased 03/07/2019
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Summary

ILLINOIS
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:12,700 SF
Transaction Type:Lease

The property involved in this transaction is a commercial asset located at 1500 W Carroll Ave, Chicago, IL, 60607, with a total square footage of 12,700. Dayton Street Partners has completed a $4 million renovation of the building, which includes new exterior windows, bathrooms, HVAC systems, lighting, and refreshed stairwells. The new features also consist of a modern lobby, rooftop deck with skyline views, a bicycle garage, and parking for 42 cars.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not specified
  • Address: 1500 W Carroll Ave, Chicago, IL, 60607
  • Market: Chicago
  • Landlord: Dayton Street Partners
  • Landlord's Representatives: Mark Georgas-JLL, Michael "Mike" Curran-Landmark Commercial Realty
  • Square Feet: 12,700

The deal includes Ardmore Roderick signing a lease for the entire third and fourth floors of the building. The civil engineering firm offers various engineering services and joins other tenants such as Via Tecknik, Limitless Coffee, Neato Agency, and Breather. Howard Wedren, a principal at Dayton Street Partners, remarks on the desirability of Fulton Market West as an office location accessible to popular after-work spots and restaurants.

Players

Michael (Mike) Curran
3 deals$13.2M volume(717) 731-1990
BROKER


LANDLORD

Details

LEASED
IMAGE: 03/07/2019 ADDRESS: 1500 W Carroll Ave, Chicago, IL, 60607 MARKET: Chicago ASSET TYPE: Commercial LANDLORD'S REP: Mark Georgas-JLL, Michael "Mike" Curran-Landmark Commercial Realty LANDLORD: Dayton Street Partners SQUARE FEET: 12700

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Deal Type
Effective Rent (Annual)

$727,956.34

Total Lease Value

$7,279,563.36

Net Landlord Cash Flow$727,956.34