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National Express LLC Signs 98,840 SF Industrial Lease In Chicago Transaction

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LEASED

Illinois

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Industrial98,840 SF
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LEASED

National Express LLC Signs 98,840 SF Industrial Lease In Chicago Transaction

2005 W 43rd St, Chicago, IL, 60609

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Industrial98,840 SF
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:98,840 SF
Transaction Type:Lease

Located in Chicago, Illinois, the industrial property at 2005 W 43rd St spans 98,840 square feet. This space has been leased by National Express LLC, a transportation company relocating from the Fulton Market neighborhood to the city's South Side for better parking options. The lease commences in the second quarter of this year, facilitating the company's operational needs.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Market: Chicago
  • Landlord's Rep: Mitch Adams (CBRE), Nicole Mentone (CBRE)
  • Tenant: National Express LLC
  • Landlord: Avgeris & Associates
  • Square Feet: 98,840

Representing the landlord, Avgeris & Associates, in this lease transaction are Mitch Adams and Nicole Mentone from CBRE. On the other side of the deal, Chris Gary from NAI Hiffman served as the representative for National Express LLC, the tenant. This lease agreement underscores the strategic decision by National Express LLC to benefit from enhanced parking amenities in their new location.

Players

Mitch Adams
2 deals(312) 935-1469
BROKER


LANDLORD

Details

LEASED
IMAGE: 2005 W 43rd St, Chicago, IL, 60609 MARKET: Chicago ASSET TYPE: Industrial LANDLORD'S REP: Mitch Adams(CBRE), Nicole Mentone(CBRE) TENANT: National Express LLC LANDLORD: Avgeris & Associates SQUARE FEET: 98840

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Deal Type
Effective Rent (Annual)

$5,665,449.16

Total Lease Value

$56,654,491.56

Net Landlord Cash Flow$5,665,449.16