ESD Leases 47000 Square Feet At 233 S Wacker Dr Chicago From Blackstone Group
233 S Wacker Dr, Chicago, IL, 60606
Building Size
47,000 SF
Asset Type
Office
Closing
Jun 27, 2017
About this deal
AI
The property involved in this transaction is located at 233 S Wacker Dr, Chicago, IL, 60606. It encompasses a total square footage of 47,000 and is situated in the Chicago market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: ESD
- Landlord: Blackstone Group
- Tenant's Representative: Jeff Liljeberg-JLL
- Brokers: Gregg Witt-CBRE
This transaction highlights key participants, including the tenant ESD and the landlord Blackstone Group. The deal was facilitated by brokers Gregg Witt from CBRE and Jeff Liljeberg representing the tenant through JLL, illustrating the collaborative efforts involved in leasing this property.
Players
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