Newmark Secures 329,210-Square-Foot Industrial Lease At Huntley Commercial Center In Huntley For Tenant Kuriyama Of America
14200 Commerce Ct, Huntley, Il 60142
$5
$5/SF
Building Size
329,210 SF
Asset Type
Industrial
Closing
Jul 27, 2023
AI
The Huntley Commercial Center in Huntley is set to welcome a new tenant as Kuriyama of America has secured a long-term lease for a Class A industrial building. The industrial lease, spanning 329,210 square feet, was brokered by Adam Marshall and Mark Deady of Newmark. The property, located at 14200 Commerce Court, is currently under construction and is expected to be completed in the fourth quarter of 2023.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 14200 Commerce Court
- Market: Huntley
- Landlord: Huntley Investment Partners
- Tenant: Kuriyama of America
- Brokers: Adam Marshall & Mark Deady - Newmark
- Asking Rent: $5.50/ft.
- Square Feet: 329,210
- Lease Terms: long-term
This significant lease transaction was made possible through the efforts of Adam Marshall and Mark Deady of Newmark. Their expertise and negotiation skills contributed to securing the deal for Kuriyama of America, who will soon be occupying the modern and dynamic Class A industrial space at the Huntley Commercial Center. The completion of the building in the upcoming quarter will mark an exciting new chapter for both Huntley Investment Partners and Kuriyama of America.
Players
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3172600.00%
Cash-on-Cash
-906738.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93