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4 Corporate Dr, Lake Zurich...

Lou Hall And Daniel Wilkins Of Cushman & Wakefield Represent Tenant In Lease At 4 Corporate Dr
LEASEDOffice

Lou Hall And Daniel Wilkins Of Cushman & Wakefield Represent Tenant In Lease At 4 Corporate Dr

4 Corporate Dr, Lake Zurich, IL, 60047

Building Size

189,092 SF

Asset Type

Office

Closing

May 23, 2019

AI

The property involved in this lease transaction is located at 4 Corporate Dr, Lake Zurich, IL, 60047. The asset encompasses 189,092 square feet of office space within a Class A building at Kemper Lakes Business Center, which includes four buildings totaling 1.1 million square feet on 164 acres. ACCO Brands has executed a long-term lease extension for its worldwide headquarters in this location.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Unknown
  • Address: 4 Corporate Dr, Lake Zurich, IL, 60047
  • Market: Lake Zurich
  • Tenant: ACCO Brands
  • Tenant's Representatives: Lou Hall (Cushman & Wakefield), Daniel Wilkins (Cushman & Wakefield)
  • Landlord: Unknown
  • Square Feet: 189,092

Lou Hall, executive director, and Daniel Wilkins, senior director, of Cushman & Wakefield, represented ACCO Brands in this transaction. The executives expressed their satisfaction in maintaining ACCO’s global headquarters in the current location, highlighting its access to a world-class golf course and other amenities beneficial for business growth and innovation.

Players

Lou Hall

Cushman & Wakefield

Broker

3 deals

Broker

Lake Zurich 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