Mizkan Group Leases 50,394 Square Feet At Woodfield Corporate Center In Schaumburg Illinois
200 North Martingale Road & 150 North Martingale Road
Building Size
100,698 SF
Asset Type
Office
Closing
Nov 19, 2024
AI
The property asset involved in this lease transaction consists of office space located at 200 North Martingale Road & 150 North Martingale Road in Schaumburg, with a total square footage of 50,349. The leasing activity is part of the Woodfield Corporate Center, where Mizkan America, Inc. will relocate its North American headquarters in 2025.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 200 North Martingale Road & 150 North Martingale Road
- Market: Schaumburg
- Landlord: Sperry Equities
- Tenant: Koichi Yuki - Mizkan Group
- Landlord's Representative: Doug Shehan & Rick Benoy - JLL
- Tenant's Representatives: Adam Southard, Ann Marie Woessner-Collins, Lisa Davidson, Pat Crumbley & Robert Sevim - Savills
The transaction highlights the involvement of multiple parties, with Savills leading the representation for the tenant, Mizkan Group, while JLL acted on behalf of the landlord, Sperry Equities. This collaboration facilitated the successful lease of the office space, marking an important relocation for Mizkan Group.
Players
Schaumburg 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