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Barstool Leases Industrial Space In Chicago's Noble Street With Landlord Magnetar Capital -Jeff Shapack & Alec Litowitz

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LEASED
$45
Annie Aldrich
Scott Shelbourne
+ 3

Illinois

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Industrial40,000 SF
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LEASED

Barstool Leases Industrial Space In Chicago's Noble Street With Landlord Magnetar Capital -Jeff Shapack & Alec Litowitz

400 North Noble Street, Chicago, Illinois 60642, United States

See Similar Deals
Industrial40,000 SF
Leased
Annie Aldrich
Scott Shelbourne
+ 3
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$45
Total Square Footage:40000 SF
Transaction Type:Lease

The industrial property located at 400 North Noble Street in Chicago has been leased. The lease transaction took place on April 7, 2023. The asset spans a total of 40,000 square feet and falls under the category of industrial properties.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Date: April 7, 2023
  • Address: 400 North Noble Street, Chicago

The landlord of the property is Magnetar Capital, represented by Jeff Shapack and Alec Litowitz. On the other hand, the tenant is Barstool, represented by Dan "Big Cat" Katz, David Portnoy, and Erika Ayers. Shapack Partners acted as the landlord's representatives, with Paige O'Neil and Annie Aldrich representing them. Cushman & Wakefield represented the tenant, with Jeff Skender, Scott Shelbourne, and Ari Klein serving as their representatives.

The asking rent for the lease was $45 per square foot, with a total area of 40,000 square feet.

Players

Annie Aldrich
1 deal(312) 690-4050
BROKER



Ari Klein
Cushman & Wakefield
4 deals
BROKER

Dave Portnoy
7 deals$93.5M volume
BROKER

Dave Portnoy
7 deals$93.5M volume
BROKER


LANDLORD

Dave Portnoy
7 deals$93.5M volume
TENANT

Dave Portnoy
7 deals$93.5M volume
TENANT

Details

LEASED
IMAGE: Ari Klein, Dan “Big Cat” Katz & Scott Shelbourne DATE: 04/07/2023 ADDRESS: 400 North Noble Street MARKET: Chicago ASSET TYPE: Industrial LANDLORD: Magnetar Capital -Jeff Shapack & Alec Litowitz TENANT: Barstool - Dan “Big Cat” Katz, David Portnoy & Erika Ayers LANDLORD'S REP: Paige O’Neil & Annie Aldrich - Shapack Partners (@ShapackPartners) TENANT'S REP: Jeff Skender, Scott Shelbourne & Ari Klein - Cushman & Wakefield (@CushWake) ASKING RENT: $45/ft. ~ SF: 40,000

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Deal Type
Effective Rent (Annual)

$2,063,498.28

Total Lease Value

$20,634,982.76

Net Landlord Cash Flow$2,063,498.28