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
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