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Maven Wave Leases 20000 Square Feet At 71 S Wacker Dr Chicago From Irvine Company Office Properties

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LEASED

Illinois

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Office20,000 SF
Leased 12/13/2018
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Property Image
LEASED

Maven Wave Leases 20000 Square Feet At 71 S Wacker Dr Chicago From Irvine Company Office Properties

71 S Wacker Dr, Chicago, IL, 60606

See Similar Deals
Office20,000 SF
Leased 12/13/2018
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:20,000 SF
Transaction Type:Lease

The property involved in this transaction is located at 71 S Wacker Dr, Chicago, IL, 60606. The asset is a 48-story modern workplace community with a total of 20000 square feet being occupied by the tenant Maven Wave. The market for this asset is Chicago. This lease is part of a larger announcement by Irvine Company Office Properties, which revealed seven new leases totaling 217,844 square feet at this address.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: Maven Wave
  • Tenant's Representative: Jon Milonas-CBRE
  • Landlord: Irvine Company Office Properties
  • Square Feet Leased: 20000

Key individuals involved in this transaction include Jon Milonas, who represented Maven Wave, and the landlord was represented by Brad Despot, Annie Nicolau, and Mark Georgas of JLL. The overall leasing activity includes notable tenants such as Benesch Law, Columbia Threadneedle Investments, and EVRAZ North America, each represented by their respective brokers. The announcement highlights the transformation of the building and the diverse range of companies moving into this location.

Players

Jon Milonas
7 deals(312) 935-1897
BROKER

Details

LEASED
IMAGE: 71 S Wacker Dr, Chicago, IL, 60606 MARKET: Chicago TENANT'S REP: Jon Milonas-CBRE TENANT: Maven Wave LANDLORD: Irvine Company Office Properties SQUARE FEET: 20000

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Deal Type
Effective Rent (Annual)

$1,146,387.93

Total Lease Value

$11,463,879.31

Net Landlord Cash Flow$1,146,387.93