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
Joliet Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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