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.
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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