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
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