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
About this deal
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
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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