Littlefuse Leases 53,000 SF Office At Riverway Complex In Rosemont
6133 North River Road
Building Size
53,000 SF
Asset Type
Office
Closing
May 17, 2024
AI
An office space spanning 53,000 square feet located at 6133 North River Road in Rosemont has been leased by Littlefuse, an electronic component maker. The space is part of the distressed Riverway complex, which has recently undergone upgrades and attracted new tenants despite facing a foreclosure lawsuit last summer.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 6133 North River Road
- Market: Rosemont
- Landlord: Adventus Realty Trust
- Tenant: David W. Heinzmann - Littlefuse
Ed Lowenbaum of Cresa facilitated the lease deal between Littlefuse and Adventus Realty Trust for the office space in Rosemont. Littlefuse's decision to lease this space reflects confidence in the future of the Riverway complex, despite its previous legal challenges. The ongoing investments and efforts to attract new tenants have contributed to the appeal of the property.
Players
Rosemont 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