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Cushman & Wakefield Secures 1.6M SF Industrial Lease In University Park
LEASED
+ 2
Illinois
See Similar DealsIndustrial1,600,000 SF
Leased 05/20/2024
LEASED
Cushman & Wakefield Secures 1.6M SF Industrial Lease In University Park
701 South Central Avenue
See Similar DealsIndustrial1,600,000 SF
Leased 05/20/2024
+ 2
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,600,000 SF
Transaction Type:Lease
The industrial property located at 701 South Central Avenue in University Park, Illinois, spans 1,600,000 square feet. The lease was arranged on 05/20/2024 for this strategic asset under the ownership of Jason E. Fox from W. P. Carey.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 701 South Central Avenue
- Market: University Park
- Landlord: Jason E. Fox - W. P. Carey
- Brokers: Adam Cooke, Jason West, Lou D’Avanzo, Ryan Klink & Sean Henrick - Cushman & Wakefield
The deal at 701 Central Ave., University Park, Illinois, was facilitated by the brokerage team comprising Adam Cooke, Jason West, Lou D’Avanzo, Ryan Klink, and Sean Henrick from Cushman & Wakefield. The transaction underscores the robustness of the Chicago industrial market and the property's advantageous proximity to major transportation hubs.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$91,711,034.49
Total Lease Value
$917,110,344.92
Net Landlord Cash Flow$91,711,034.49
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