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Sasser Family Cos. Signs Lease For 65K SF At 700 Commerce Dr. In Oak Brook

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LEASED

Illinois

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Office65,000 SF
Leased 01/23/2024
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LEASED

Sasser Family Cos. Signs Lease For 65K SF At 700 Commerce Dr. In Oak Brook

700 Commerce Drive

See Similar Deals
Office65,000 SF
Leased 01/23/2024
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:65,000 SF
Transaction Type:Lease

The Sasser Family Cos., a transportation company, has signed a lease for 65,000 square feet in the newly renovated office building located at 700 Commerce Drive in Oak Brook. This move marks the company's headquarters relocation from Schaumburg to Oak Brook Pointe. The office building offers expanded amenities and features a 5,000-square-foot conference center, providing an ideal setting for Sasser Family Cos.' operations.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 700 Commerce Drive
  • Market: Oak Brook
  • Square Feet: 65,000

Principal Real Estate, the landlord, facilitated the lease agreement with Sasser Family Cos. The tenant's representative, Max Chopovsky of MCCS Realty, played a crucial role in negotiating the terms of the lease on behalf of Jeff Walsh, the tenant. Representing the landlord, Jeff Mann from CBRE ensured a smooth and successful transaction between the two parties.

Players

Jeffrey (Jeff) Mann
1 deal(630) 573-7076
BROKER


LANDLORD

Details

LEASED
IMAGE: Jeff Walsh, Max Chopovsky & Jeff Mann DATE: 01/23/2024 ADDRESS: 700 Commerce Drive MARKET: Oak Brook ASSET TYPE: Office ~ SF: 65,000 LANDLORD: Principal Real Estate TENANT: Jeff Walsh - Sasser Family Cos. LANDLORD'S REP: Jeff Mann - CBRE (@CBRE) TENANT'S REP: Max Chopovsky (@Max Chopovsky) - MCCS Realty NOTE: Sasser Family Cos., a transportation company, is moving its headquarters from Schaumburg to Oak Brook Pointe, signing a lease for 65,000 square feet in the newly renovated office building. The strategic move includes expanded amenities and a 5,000-square-foot conference center at the Oak Brook location.

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Deal Type
Effective Rent (Annual)

$3,725,760.78

Total Lease Value

$37,257,607.76

Net Landlord Cash Flow$3,725,760.78