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Lee & Associates Secures 229K SF Lease Extension For Tru Vue In McCook, IL

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LEASED

Illinois

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Industrial229,200 SF
Leased 02/08/2024
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Property Image
LEASED

Lee & Associates Secures 229K SF Lease Extension For Tru Vue In McCook, IL

Industrial229,200 SF
Leased 02/08/2024
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Summary

Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:229,200 SF
Transaction Type:Lease

An industrial property located at 9400 West 55th Street in McCook, Illinois, with a total square footage of 229,200, has been leased by Tru Vue. The lease extension was secured by Lee & Associates, with Ryan Earley, Terry Grapenthin, and Tom Condon representing the firm. The property is owned by High Street Logistics Properties, with Andrew Zgutowicz acting as the landlord.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Address: 9400 West 55th Street
  • Market: McCook
  • Square Footage: 229,200

This lease extension deal was a result of market dynamics, where an extension was not automatic. Fischer and Company represented Tru Vue, while Lee & Associates represented High Street Logistics Properties. The negotiations led to a win-win agreement beneficial for both parties involved.

Players

Ryan Earley
7 deals$17.6M volume(773) 355-3020
BROKER

Terry Grapenthin
Lee & Associates
7 deals$110M volume(773) 355-3042
BROKER

Details

LEASED
IMAGE: Ryan Earley, Tom Condon, Jane Boyce & Terry Grapenthin DATE: 02/08/2024 ADDRESS: 9400 West 55th Street MARKET: McCook ASSET TYPE: Industrial ~ SF: 229,200 LANDLORD: Andrew Zgutowicz - High Street Logistics Properties TENANT: Jane Boyce - Tru Vue (@TruVueGlazing) BROKERS: Ryan Earley, Terry Grapenthin & Tom Condon - Lee & Associates (@LeeAssociatesRE) NOTE: Lee & Associates secures a 229,200-square-foot lease extension for Tru Vue at 9400 W. 55th Street in McCook, Ill., with Fischer and Company representing Tru Vue and Lee & Associates representing High Street Logistics Properties, reflecting market dynamics where an extension was not automatic, resulting in a win-win agreement for both parties.

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Deal Type
Effective Rent (Annual)

$13,137,605.69

Total Lease Value

$131,376,056.91

Net Landlord Cash Flow$13,137,605.69