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130 East Randolph Street

Paul Posey Of ComPsych Leases 50000 Square Feet At One Prudential Plaza From Wanxiang America
LEASEDOffice

Paul Posey Of ComPsych Leases 50000 Square Feet At One Prudential Plaza From Wanxiang America

130 East Randolph Street

Building Size

50,000 SF

Asset Type

Office

Closing

Jan 16, 2025

AI

The property involved in this transaction is an office space located at 130 East Randolph Street in Chicago, with a total square footage of 50,000. It is managed by Wanxiang America Real Estate.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 130 East Randolph Street
  • Market: Chicago
  • Asset Size: 50,000 sq. ft.
  • Landlord: Wanxiang America Real Estate
  • Tenant: Paul Posey - ComPsych
  • Landlord's Representative: Annie Kwasigroch & Daniel Heckman - Riverside Investment & Development
  • Tenant's Representative: Brian Means & Kellen Monti - JLL
  • Lease Term: long-term

ComPsych, represented by Brian Means and Kellen Monti of JLL, signed a long-term lease for 50,000 sq. ft. at One Prudential Plaza. This decision follows their downsizing from 152,000 sq. ft. at NBC Tower as part of their headquarters relocation, with Wanxiang America Real Estate's leasing team facilitating the deal.

Players

Kellen Monti

JLL

Broker

2 deals

Broker

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