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Orbit Medical Leases Office Space At 550 N Commons Dr, Aurora

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LEASED

Illinois

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Office15,233 SF
Leased 03/26/2019
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LEASED

Orbit Medical Leases Office Space At 550 N Commons Dr, Aurora

550 N Commons Dr, Aurora, IL, 60504

See Similar Deals
Office15,233 SF
Leased 03/26/2019
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:15,233 SF
Transaction Type:Lease

The property at 550 N Commons Dr in Aurora, IL, 60504, is an office and industrial space spanning 15,233 square feet. The asset is part of the Meridian Tech Center, developed in 1984, along with the adjacent property at 600 N. Commons Dr. Clear Height Properties, the landlord, completed a lease with Orbit Medical, a Medicare-contracted supplier of medical equipment.

Summary of transaction details:

Orbit Medical, a company specializing in medical equipment, is relocating from Naperville, IL, to Aurora, IL. The firm has more than 125 employees servicing over 30,000 patients annually and operates in multiple locations across the Midwest. Clear Height Properties, the landlord, completed substantial tenant improvements for Orbit Medical, ensuring a smooth transition for the company's operations.

Players

Victor Sanmiguel
4 deals
BROKER

Clear Height Properties
LANDLORD

Details

LEASED
IMAGE: 03/26/2019 ADDRESS: 550 N Commons Dr, Aurora, IL, 60504 MARKET: Aurora ASSET TYPE: Office TENANT'S REP: Victor Sanmiguel(Bespoke Commercial Real Estate) TENANT: Orbit Medical LANDLORD: Clear Height Properties SQUARE FEET: 15233

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Deal Type
Effective Rent (Annual)

$873,146.37

Total Lease Value

$8,731,463.68

Net Landlord Cash Flow$873,146.37