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Granite Construction Leases 12,925 SF Office Space In Des Plaines

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LEASED
$23

Illinois

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Office12,925 SF
Leased 05/17/2023
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LEASED

Granite Construction Leases 12,925 SF Office Space In Des Plaines

1011 E Touhy Ave Des Plaines, IL 60018, USA

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Office12,925 SF
Leased 05/17/2023
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$23
Total Square Footage:12,925 SF
Transaction Type:Lease

Granite Construction has signed a lease for a 12,925-square-foot office space at 1011 East Touhy Avenue in Des Plaines. The lease was negotiated by brokers Tony Russo and Ryan Freed from Lee & Associates. The office space is part of the O'Hare Offices complex, owned by Siete 7 LLC, and is located in the Des Plaines market. The space offers customizable options and is situated in Chicago's O'Hare market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Market: Des Plaines
  • Address: 1011 East Touhy Avenue
  • Landlord: Siete 7 LLC
  • Tenant: Granite Construction
  • Brokers: Tony Russo & Ryan Freed - Lee & Associates
  • Asking Rent: $23/ft.
  • Square Footage: 12,925
  • Lease Terms: long-term

Granite Construction, a tenant, has leased a 12,925-square-foot office space at 1011 East Touhy Avenue in Des Plaines. This lease deal was facilitated by brokers Tony Russo and Ryan Freed of Lee & Associates. The O'Hare Offices complex, owned by Siete 7 LLC, offers customizable office spaces in Chicago's O'Hare market.

Players

Ryan Freed
2 deals$3.5M volume
BROKER

Tony Russo
Lee & Associates
5 deals$3.5M volume
BROKER

Details

LEASED
IMAGE: Tony Russo & Ryan Freed DATE: 05/16/2023 ADDRESS: 1011 East Touhy Avenue MARKET: Des Plaines ASSET TYPE: Office LANDLORD: Siete 7 LLC TENANT: Granite Construction BROKERS: Tony Russo & Ryan Freed - Lee & Associates (@LeeAssociatesRE) ASKING RENT: $23/ft. ~ SF: 12,925 LEASE TERMS: long-term NOTE: Granite Construction has become the tenant of a 12,925-square-foot office space at 1011 East Touhy Avenue in Des Plaines, with the lease negotiated by Lee & Associates brokers Tony Russo and Ryan Freed. The office space is part of the O'Hare Offices complex, owned by Siete 7 LLC, offering customizable spaces in Chicago's O'Hare market.

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Deal Type
Effective Rent (Annual)

$340,792.47

Total Lease Value

$3,407,924.72

Net Landlord Cash Flow$340,792.47