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2700 Mcdonough Street

The Brothers Pallet Signs 52000 Square Foot Lease At 2700 McDonough Street Joliet
LEASEDIndustrial

The Brothers Pallet Signs 52000 Square Foot Lease At 2700 McDonough Street Joliet

2700 Mcdonough Street

Building Size

52,000 SF

Asset Type

Industrial

Closing

Aug 21, 2025

AI

The property asset involved in this lease transaction is a 52,000-square-foot industrial space located at 2700 McDonough Street in Joliet, IL. This asset is part of a larger 624,000-square-foot former Caterpillar facility, which is currently leased to various manufacturing and distribution tenants.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 2700 McDonough Street
  • Market: Joliet
  • Tenant: The Brothers Pallet
  • Landlord's Representative: Shamus Conneely & Chris Condon - John Greene Real Estate
  • Tenant's Representative: Brian Etten - HCB Realty Partners

The deal involves key representatives from different companies, with Shamus Conneely and Chris Condon representing the landlord as part of John Greene Real Estate. Brian Etten served as the tenant's representative from HCB Realty Partners, facilitating the lease agreement for The Brothers Pallet, marking their second location in the Chicagoland area.

Players

Shamus Conneely

John Greene Real Estate

Broker

$2.1M

vol

4 deals

Broker
John Greene Real Estate
John Greene Real EstateBrokerage

Joliet 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