Advocate Commercial Real Estate Advisors Leases 5,980 SF Office Space At 145 South Wells Street, Chicago
145 South Wells Street
Building Size
5,980 SF
Asset Type
Office
Closing
Oct 2, 2023
About this deal
AI
Advocate Commercial Real Estate Advisors, a Chicago-based firm, has relocated its headquarters to the 14th floor of 145 S. Wells, a LEED Gold-certified office building in the West Loop. The firm has signed a lease agreement for 5,980 square feet of space in the modern building. The property offers a range of amenities including a penthouse lounge, pool, café, and outdoor deck, providing a comfortable and stylish work environment for tenants.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 145 South Wells Street, Chicago
- Size: 5,980 square feet
- Market: Chicago
The lease transaction was facilitated by Mark Bâby and Matt Lerner of Stream Realty Partners, representing the tenant, Advocate Commercial Real Estate Advisors. On the other side, acting as the landlord's representatives, were Thomas Roszak and Dan Moceri of Moceri + Roszak. The collaboration between the tenant and landlord's teams ensured a successful deal and a smooth transition for Advocate Commercial Real Estate Advisors to its new Chicago headquarters.
On the Map
Office
View full map
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Chicago office leases on Traded.
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