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4 Corporate Dr, Lake Zurich...

Updated Sep 9, 2024

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

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.

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Players

Lou Hall

Cushman & Wakefield

Broker

4 deals

Broker
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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

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