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Generations College Extends Lease At 29 East Madison Street In Chicago

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LEASED
$28

Illinois

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Office12,500 SF
Leased 06/15/2023
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LEASED

Generations College Extends Lease At 29 East Madison Street In Chicago

29 E Madison St, Chicago, IL 60602

See Similar Deals
Office12,500 SF
Leased 06/15/2023
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$28
Total Square Footage:12,500 SF
Transaction Type:Lease

Generations College has extended their lease at 29 East Madison Street, Chicago. This property has been their home for the past 23 years. Generations College, formerly known as MacCormac College, is a fully accredited, non-profit, two-year college that has been operating in Chicago for over 119 years. The lease term has been extended, solidifying their commitment to the location.

Summary of transaction details

Generations College's decision to extend their lease demonstrates their commitment to their longstanding presence in Chicago. They have chosen to continue their operations at 29 East Madison Street, ensuring their accessibility and convenience for students and staff. The lease extension was facilitated by David Knight and Ethan Braham of Advocate Commercial Real Estate Advisors, serving as the tenant's representatives in the deal.

Players

David Knight
1 deal(312) 753-7704
BROKER


LANDLORD

Details

LEASED
IMAGE: David Knight & Ethan Braham DATE: 06/15/2023 ADDRESS: 29 East Madison Street MARKET: Chicago ASSET TYPE: Office LANDLORD: Marc Realty (@MarcRealtyOfficial) TENANT: Generations College TENANT'S REP: David Knight (@Dbknight12) & Ethan Braham (@Ethanbraham1) - Advocate Commercial Real Estate Advisors ASKING RENT: $28.00/ft ~ SF: 12,500 LEASE TERM: Generations College has extended their lease at 29 E Madison Street, it's home for the past 23 years. Generations College, recently rebranded from MacCormac College, is a fully accredited, non-profit, two year college that has been in operation in Chicago for over 119 years.

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Deal Type
Effective Rent (Annual)

$401,235.78

Total Lease Value

$4,012,357.76

Net Landlord Cash Flow$401,235.78