1WorldSync Leases 22000 Sq Ft Chicago Office At 300 S Riverside PLZ
300 S Riverside PLZ, Chicago, IL, 60606
Building Size
22,000 SF
Asset Type
Office
Closing
Mar 28, 2017
AI
The leased property located at 300 South Riverside Plaza in Chicago, IL, 60606 is an office space spanning 22,000 square feet. The tenant, 1WorldSync, secured the lease facilitated by Renae Bradshaw and Richard Dale from Kirkland & Ellis and Savills Studley respectively. The landlord, FCA, was represented by Matt Pistorio from The Telos Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant's Rep: Renae Bradshaw (Kirkland & Ellis), Richard Dale (Savills Studley)
- Brokers: Lisa Davidson (Savills Studley)
- Landlord: FCA
- Square Feet: 22000
Savills Studley’s Lisa Davidson, Tiffany Winne, Renae Bradshaw, Richard Dale, and Loredana Perri played crucial roles in representing 1WorldSync in the lease agreement. The collective effort of these professionals ensured a successful transaction for the office space at 300 South Riverside Plaza. Notably, Matt Pistorio from The Telos Group represented the ownership interests in the deal.
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