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6133 North River Road

Littlefuse Leases 53,000 SF Office At Riverway Complex In Rosemont
LEASEDOffice

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

Ed Lowenbaum

Cresa

Broker

$10.5M

vol

2 deals

Broker

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