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RT Specialty Leases 38000 Square Feet At 500 W Monroe St Chicago From Piedmont Realty Trust

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LEASED
Gary Kostecki
Mark Georgas
+ 1

Illinois

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Office38,000 SF
Leased 08/29/2017
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Property Image
LEASED

RT Specialty Leases 38000 Square Feet At 500 W Monroe St Chicago From Piedmont Realty Trust

500 W Monroe St, Chicago, IL, 60661

See Similar Deals
Office38,000 SF
Leased 08/29/2017
Gary Kostecki
Mark Georgas
+ 1
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:38,000 SF
Transaction Type:Lease

The property asset involved in the transaction is located at 500 W Monroe St, Chicago, IL, 60661. The space encompasses 38,000 square feet and is situated in the Chicago market. The landlord for this lease is Piedmont Realty Trust, while the tenant occupying the space is RT Specialty.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 500 W Monroe St, Chicago, IL, 60661
  • Square Feet: 38,000
  • Tenant: RT Specialty
  • Landlord: Piedmont Realty Trust
  • Tenant's Representative: Adam Southard (Savills Studley)
  • Landlord's Representatives: Mark Georgas (JLL), Gary Kostecki (JLL)

Adam Southard, managing director at Savills Studley, represented the tenant RT Specialty in this lease transaction. The landlord, Piedmont Realty Trust, was represented by two senior vice presidents from JLL, Mark Georgas and Gary Kostecki. This transaction is part of a broader context involving office expansions for Ryan Specialty Group and its subsidiaries.

Players

Adam Southard
6 deals(312) 595-2983
BROKER



Details

LEASED
IMAGE: 500 W Monroe St, Chicago, IL, 60661 MARKET: Chicago TENANT'S REP: Adam Southard(Savills Studley) LANDLORD'S REP: Mark Georgas(JLL), Gary Kostecki(JLL) TENANT: RT Specialty LANDLORD: Piedmont Realty Trust SQUARE FEET: 38000

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Deal Type
Effective Rent (Annual)

$2,178,137.07

Total Lease Value

$21,781,370.69

Net Landlord Cash Flow$2,178,137.07