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125 South Clark Street

Iron Galaxy Studios Expands Its Space At 125 South Clark Street In Chicago
LEASEDOffice

Iron Galaxy Studios Expands Its Space At 125 South Clark Street In Chicago

125 South Clark Street

Building Size

48,156 SF

Asset Type

Office

Closing

Dec 1, 2023

AI

Chicago-based video game developer Iron Galaxy Studios has expanded its space at 125 South Clark Street. The company has increased its footprint from 32,865 square feet to 48,156 square feet. This expansion was facilitated by JLL brokers Corey Siegrist and Jim Rose, who represented Iron Galaxy. Transwestern brokers John Nelson, Kathleen Bertrand, and Eric Myers represented the landlord, Commerz Real.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Square Footage: 48,156
  • Address: 125 South Clark Street
  • Market: Chicago

Iron Galaxy Studios has expanded its office space at 125 South Clark Street in Chicago, increasing it from 32,865 square feet to 48,156 square feet. Represented by JLL brokers Corey Siegrist and Jim Rose, the company secured the additional space. On the landlord's side, the expansion was facilitated by Transwestern brokers John Nelson, Kathleen Bertrand, and Eric Myers who represented Commerz Real.

Players

Eric Myers

Transwestern

Broker

8 deals

Broker
CR
Commerz RealLandlord

Chicago Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93