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
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