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Lactalis Heritage Dairy Expands Office Space At 540 West Madison Street In Chicago
LEASED
Illinois
See Similar DealsOffice48,000 SF
Leased 11/20/2023
LEASED
Lactalis Heritage Dairy Expands Office Space At 540 West Madison Street In Chicago
540 West Madison Street
See Similar DealsOffice48,000 SF
Leased 11/20/2023
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:48,000 SF
Transaction Type:Lease
Lactalis Heritage Dairy has expanded its office space at 540 West Madison Street in the West Loop area of Chicago. The company has added an additional 13,000 square feet, bringing the total square footage to 48,000. This expansion is part of Lactalis USA's plan to grow its Chicago office, with a goal of reaching 230 positions by January 2024. Since opening in late 2021, the office has already seen a 280% increase in employment.
Summary of transaction details
- Property Type: Office
- Transaction Date: 11/20/2023
- Address: 540 West Madison Street
- Market: Chicago
- Square Footage: 48,000
Lactalis Heritage Dairy's expansion was facilitated by their representative, Peter Cotter of Savills. This signifies continued growth and success for Lactalis Heritage Dairy in the Chicago market.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,751,331.03
Total Lease Value
$27,513,310.35
Net Landlord Cash Flow$2,751,331.03
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