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Bob Johnson Of The Popcorn Factory Renews 149000 SF Industrial Leases In Lake Forest IL
LEASED
Illinois
See Similar DealsIndustrial298,000 SF
Leased 03/06/2025
LEASED
Bob Johnson Of The Popcorn Factory Renews 149000 SF Industrial Leases In Lake Forest IL
28160 North Keith Drive & 13970 West Laurel Drive
See Similar DealsIndustrial298,000 SF
Leased 03/06/2025
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:298,000 SF
Transaction Type:Lease
The asset involved in this lease transaction is an industrial property located at 28160 North Keith Drive and 13970 West Laurel Drive in Lake Forest, Illinois. The total square footage of the property is 149,000 square feet. The leases have been renewed by The Popcorn Factory, which highlights a commitment from ownership to undertake a seven-figure modernization project.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 28160 North Keith Drive & 13970 West Laurel Drive
- Market: Lake Forest
- Tenant: Bob Johnson - The Popcorn Factory
- Broker: Corey Chase - Newmark
Corey Chase from Newmark represented The Popcorn Factory in this lease transaction. The ownership's decision to invest in modernization aligns with the tenant's operational needs and future growth potential within the industrial sector.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$17,081,180.17
Total Lease Value
$170,811,801.74
Net Landlord Cash Flow$17,081,180.17
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