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1901 Butterfield Road

Matt Cox Of Matson Logistics Leases Office Space At 1901 Butterfield Road In Downers Grove
LEASEDOffice

Matt Cox Of Matson Logistics Leases Office Space At 1901 Butterfield Road In Downers Grove

1901 Butterfield Road

Building Size

20,971 SF

Asset Type

Office

Closing

Mar 21, 2025

AI

The property involved in the transaction is an office asset located at 1901 Butterfield Road in the Downers Grove market. The total square footage of the asset is 20,971 square feet. This lease transaction is dated March 21, 2025.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1901 Butterfield Road
  • Market: Downers Grove
  • Square Feet: 20,971
  • Tenant: Matt Cox - Matson Logistics
  • Landlord: Ron Lunt - Hamilton Partners; Ariel Bentata, Moises Benzaquen, Claudio Dombey & Daniel Goldstein - Accesso Partners
  • Tenant's Representative: Sven Sykes (Colliers), Tom Volini (Colliers), Brent Jacob (Colliers)
  • Landlord's Representative: Philip Sheridan (Hamilton Partners)

The deal involves key representatives for both the tenant and the landlord. The tenant's representatives from Colliers are Sven Sykes, Tom Volini, and Brent Jacob. The landlord's side is represented by Philip Sheridan from Hamilton Partners, along with Ron Lunt from Hamilton Partners, and multiple representatives from Accesso Partners including Ariel Bentata, Moises Benzaquen, Claudio Dombey, and Daniel Goldstein.

Players

Brent Jacob

Colliers

Broker

2 deals

Broker
Hamilton Partners
Hamilton PartnersLandlord

Downers Grove 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