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Total Quality Logistics Signs Largest New Lease At The National In Chicago's Central Loop

Property Image
LEASED
$40
Eric Myers
Kathleen Bertrand
+ 2

Illinois

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Office36,322 SF
Leased 08/07/2023
the dealplayerscompscontact
Property Image
LEASED

Total Quality Logistics Signs Largest New Lease At The National In Chicago's Central Loop

125 S Clark St Chicago, Il 60603, Usa

See Similar Deals
Office36,322 SF
Leased 08/07/2023
Eric Myers
Kathleen Bertrand
+ 2
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$40
Total Square Footage:36,322 SF
Transaction Type:Lease

Logistics company Total Quality Logistics (TQL) has recently signed a five-year lease for a 36,322-square-foot space at The National in Chicago's Central Loop submarket. This lease marks the largest new lease in the area in 2023, highlighting the company's commitment to establishing a strong presence in the region.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not mentioned in the CONTEXT
  • Address: 125 South Clark Street, Chicago
  • Market: Chicago

TQL secured the lease under the representation of Jon Milonas and James Otto from CBRE, while the landlord, German Commerz Real, was represented by Eric Myers, Kathleen Bertrand, and John Nelson from Transwestern. The collaboration between both sides ensured a smooth negotiation and agreement on the lease terms.

Players

James Otto
3 deals(312) 861-7888
BROKER





LANDLORD

Details

LEASED
IMAGE: Eric Myers, Jon Milonas, Kathleen Bertrand, James Otto & John Nelson DATE: 08/07/2023 ADDRESS: 125 South Clark Street MARKET: Chicago ASSET TYPE: Office LANDLORD: German Commerz Real TENANT: Total Quality Logistics (@LifeatTQL) LANDLORD'S REP: Eric Myers, Kathleen Bertrand & John Nelson - Transwestern (@Transwestern) TENANT'S REP: Jon Milonas & James Otto - CBRE (@CBRE) ASKING RENT: $40/ft. ~ SF: 36,322 LEASE TERMS: five-year NOTE: Logistics company Total Quality Logistics (TQL) signed a five-year lease for a 36,322-square-foot space at The National in Chicago's Central Loop submarket, marking the largest new lease in the area in 2023.

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Deal Type
Effective Rent (Annual)

$1,665,564.10

Total Lease Value

$16,655,640.97

Net Landlord Cash Flow$1,665,564.10