facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Industrial

/

Lease

/

3720 Des Plaines River Road

Blau & Berg Company Facilitates Lease For 197K SF Industrial Space In Franklin Park
LEASEDIndustrial

Blau & Berg Company Facilitates Lease For 197K SF Industrial Space In Franklin Park

3720 Des Plaines River Road

Building Size

197,000 SF

Asset Type

Industrial

Closing

Jan 22, 2024

AI

A freight logistics company has leased almost 200,000 square feet of industrial space in Franklin Park, Illinois. The deal was facilitated by The Blau & Berg Co, a Short Hills-based team. The company secured the space from Prologis Inc, allowing them to expand their operations in the Midwest. The facility features 77 docks and 30-foot clear ceiling heights.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 3720 North River Road, Franklin Park, Illinois
  • Market: Franklin Park
  • Square Footage: 197,000

The landlord of the industrial space is Hamid R. Moghadam, who represents Prologis Inc. The landlord's representative in this deal is Calum Payne from CBRE. On the tenant's side, Alessandro Conte, Jason Crimmins, and Peter Murano represent the freight logistics company. They are from The Blau & Berg Company.

Players

Peter Murano

The Blau & Berg Company

Broker

9 deals

Broker
Hamid Moghadam

Hamid Moghadam

Prologis

Landlord

$2.6B

vol

51 deals

Landlord

Franklin Park 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