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333 North Green Street

Adyen Leases 97000 Square Feet Office Space At 333 North Green Street In Chicago
LEASEDOffice

Adyen Leases 97000 Square Feet Office Space At 333 North Green Street In Chicago

333 North Green Street

Building Size

97,000 SF

Asset Type

Office

Closing

Nov 20, 2024

AI

The property involved in the transaction is located at 333 North Green Street in Chicago, with an asset type designated as office space totaling 97,000 square feet. The market value is within the vibrant Fulton Market area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 333 North Green Street
  • Market: Chicago
  • Landlord: Andy Gloor - Sterling Bay
  • Tenant: Pieter van der Does - Adyen
  • Landlord's Representative: Russ Cora - Sterling Bay
  • Tenant's Representative: Scott Becker - JLL

This lease agreement signifies a substantial commitment from Adyen, a Dutch payment processor, marking an expansion from their previous co-working space. The deal elevates the occupancy of the building to 100% and contributes to the growth of the fintech sector in Chicago.

Players

Russ Cora

Sterling Bay

Broker

4 deals

Broker

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