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Facebook Leases 263000 Square Feet At 151 N Franklin St Chicago From The John Buck Company

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LEASED

Illinois

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Office263,000 SF
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LEASED

Facebook Leases 263000 Square Feet At 151 N Franklin St Chicago From The John Buck Company

151 N Franklin St, Chicago, IL, 60606

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Office263,000 SF
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:263,000 SF
Transaction Type:Lease

The property involved in this transaction is located at 151 N Franklin St, Chicago, IL, 60606. It encompasses an office space of 263,000 square feet. This newly completed 35-story office building is situated in the Chicago market. The landlord for this lease is The John Buck Company.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 151 N Franklin St, Chicago, IL, 60606
  • Landlord: The John Buck Company
  • Tenant: Facebook
  • Square Feet: 263,000
  • Landlord's Representative: Jon Cordell
  • Tenant's Representative: Cushman & Wakefield

The deal involves key players including Jon Cordell, who represents The John Buck Company, and the tenant, Facebook, which has been represented in this transaction by Cushman & Wakefield. Facebook's U.S. head of industry, Matty de Castro, expressed excitement about their continued presence and growth in Chicago, highlighting the talent pipeline and technology ecosystem in the area.

Players

2 deals
BROKER

1 deal(312) 224-3130
BROKER

John Buck
5 deals$115.5M volume
LANDLORD

TENANT

Details

LEASED
IMAGE: 151 N Franklin St, Chicago, IL, 60606 MARKET: Chicago LANDLORD'S REP: Jon Cordell TENANT: Facebook LANDLORD: The John Buck Company SQUARE FEET: 263000

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Deal Type
Effective Rent (Annual)

$15,075,001.29

Total Lease Value

$150,750,012.95

Net Landlord Cash Flow$15,075,001.29