JIE USA Inc. Signs Long-Term Lease For 39000 Square Feet With Prologis In Bloomingdale
279 Madsen Drive
Building Size
39,000 SF
Asset Type
Industrial
Closing
Nov 13, 2024
AI
The property asset involved in this transaction is an industrial space located at 279 Madsen Drive in Bloomingdale, encompassing a total area of 39,000 square feet. The lease has a long-term duration and is managed by Prologis as the landlord.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Lease Term: Long-term
- Landlord: Prologis
- Tenant: JIE USA Inc.
- Address: 279 Madsen Drive
- Market: Bloomingdale
- Landlord's Rep: Al Caruana & Jeff Matella - Cushman & Wakefield
- Tenant's Rep: Matt Hanson - Brown Commercial Group
This transaction marks a significant move for JIE USA Inc., as they expand from a previous 15,000-square-foot space in Carol Stream to this new location. The representation by Brown Commercial Group's Matt Hanson for the tenant and Cushman & Wakefield's Al Caruana and Jeff Matella for the landlord emphasizes the collaboration between the firms in facilitating this lease agreement.
Players
Bloomingdale 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