Updated Oct 29, 2024
Hudson Group Leases 71k SF Industrial Space In Elk Grove Village
2445 E Higgins Rd, Elk Grove Village...
Building Size
71,000 SF
Asset Type
Industrial
Closing
Feb 7, 2017
About this deal
AI
The industrial property located at 2445 E Higgins Rd in Elk Grove Village, part of the O’Hare Peninsula Business Park, has been completely leased out. The tenant, Hudson Group, has secured a 71,000 square feet space within the building. The lease transaction brought the property to full occupancy, with Hudson Group being represented by Raymond Trevisian from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 2445 E Higgins Rd, Elk Grove Village
- Market: Elk Grove Village
- Tenant: Hudson Group
- Square Feet: 71,000
- Tenant's Rep: Raymond Trevisian(Cushman & Wakefield)
- Landlord: FCA
The lease was completed by a team from Cushman & Wakefield, including Christopher Lydon, Al Caruana, and Britt Casey. The successful transaction brought the O’Hare Peninsula Business Park in Elk Grove Village to full occupancy, demonstrating the strong demand for industrial spaces in the area. Raymond Trevisian's representation of Hudson Group showcases the effectiveness of experienced brokers in facilitating significant real estate deals.
Players
Elk Grove Village 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93