Ryan Specialty Group Leases 32495 Square Feet At 180 N Stetson Ave Chicago From 601W Cos
180 N Stetson Ave, Chicago, IL, 60601
Building Size
32,495 SF
Asset Type
Office
Closing
Aug 29, 2017
AI
Ryan Specialty Group has secured a lease at 180 N Stetson Ave, Chicago, IL, encompassing a total space of 32,495 square feet. The lease is situated in the Chicago market and involves necessary improvements to accommodate the tenant's operations.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 180 N Stetson Ave, Chicago, IL, 60601
- Market: Chicago
- Tenant: Ryan Specialty Group
- Tenant's Representative: Adam Southard, Savills Studley
- Landlord: 601W Cos.
- Square Feet: 32,495
The transactions were brokered by Robert Sevim and Adam Southard, who represented Ryan Specialty Group and its subsidiary, RT Specialty. RT Specialty will operate from a separate location at 500 W. Monroe, leasing a space of 38,000 square feet. 601W Cos. was represented by Bill Truszkowski of Telos Group, while Piedmont Realty Trust, the owner of 500 W. Monroe, was represented by Mark Georgas and Gary Kostecki from JLL.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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