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
Lake Zurich Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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