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1701 Golf Road

Verizon Renews 128,894 Square Foot Lease At Continental Towers In Rolling Meadows With CBRE's Representation
LEASEDOffice

Verizon Renews 128,894 Square Foot Lease At Continental Towers In Rolling Meadows With CBRE's Representation

1701 Golf Road

Building Size

128,894 SF

Asset Type

Office

Closing

Oct 8, 2025

AI

The property involved in this transaction is an office asset located at 1701 Golf Road in Rolling Meadows, Illinois, with a total square footage of 128,894. It is part of Continental Towers, which comprises four office buildings.

Summary of transation details:

This lease renewal represents one of the largest office deals in the Northwest suburbs for the year 2025, concluding a significant agreement between Verizon and the landlord. Transwestern and CBRE facilitated the negotiation, with their respective representatives playing crucial roles in the transaction.

Players

Andrew Kaplan

CBRE

Broker

2 deals

Broker
Transwestern
TranswesternBrokerage
CBRE
CBREBrokerage

Rolling Meadows 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