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333 N Green St, Chicago, IL...

Sloan Leases 20000 Square Feet At 333 N Green St Chicago Represented By Larry M. Cohn
LEASEDOffice

Sloan Leases 20000 Square Feet At 333 N Green St Chicago Represented By Larry M. Cohn

333 N Green St, Chicago, IL, 60607

Building Size

20,000 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 333 N Green St, Chicago, IL, 60607, within the Chicago market. This asset features a total area of 20,000 square feet of rentable space. The lease was signed by Sterling Bay with the tenant, Sloan, which specializes in commercial plumbing systems. The property boasts large, flexible floorplates and full-service tenant amenities, and has achieved a leasing level of 93 percent with other notable tenants.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 333 N Green St, Chicago, IL, 60607
  • Square Feet: 20,000
  • Tenant: Sloan
  • Landlord: Sterling Bay
  • Tenant's Representative: Larry M. Cohn - @Properties Commercial
  • Landlord's Representative: Gillian Keebler - Sterling Bay

This lease transaction was negotiated by Sterling Bay’s executive vice president of leasing, Russ Cora, and leasing associate, Gillian Keebler. The tenant, Sloan, is recognized for its commitment to providing sustainable restroom solutions and aims to enhance its operational footprint in Fulton Market. This location will serve as their first Chicago showroom to facilitate closer engagement with the local design community.

Players

Gillian Keebler

CBRE

Broker

1 deal

Broker
Sterling Bay
Sterling BayLandlord

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