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200 & 230 West Monroe Stree...

Accesso Signs Leases For 60,000 SF At Monroe Plaza In Chicago
LEASEDOffice

Accesso Signs Leases For 60,000 SF At Monroe Plaza In Chicago

200 & 230 West Monroe Street Chicago, Illinois 60606, USA

Building Size

60,000 SF

Asset Type

Office

Closing

Jun 29, 2023

AI

The Monroe Plaza in Chicago's West Loop area has recently seen a boost in leasing activity, with Accesso signing leases for nearly 60,000 square feet of office space. This has attracted both new tenants and lease renewals, further solidifying the appeal of this office complex.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 200 & 230 West Monroe Street, Chicago
  • Market: Chicago
  • Square Footage: 60,000

In these lease agreements, JFMC Facilities Corporation and PartsTrader have joined the prestigious tenant roster at Monroe Plaza. These companies recognize the value and potential of the West Loop area, leading them to choose this location for their office needs. The involvement of Mason Taylor, Karoline Eigel, and Paige Krueger from Cushman & Wakefield showcases their expertise in representing Accesso in these leasing transactions.

Players

Mason Taylor

Cushman & Wakefield

Broker

2 deals

Broker
Accesso
AccessoTenant

Chicago 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