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Blue Water Shipping Leases 3900 Square Feet At 8601 W Bryn Mawr Ave Chicago From Berger Asset Management

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LEASED

Illinois

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Office3,900 SF
Leased 10/15/2019
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Property Image
LEASED

Blue Water Shipping Leases 3900 Square Feet At 8601 W Bryn Mawr Ave Chicago From Berger Asset Management

8601 W Bryn Mawr Ave, Chicago, IL, 6...

See Similar Deals
Office3,900 SF
Leased 10/15/2019
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:3,900 SF
Transaction Type:Lease

The property asset involved in this transaction is located at 8601 W Bryn Mawr Ave, Chicago, IL. The office space being leased totals 3,900 square feet within the Concourse Chicago complex, which is undergoing renovations. The property is situated in the Chicago market and is part of a 12-building complex acquired by Berger Asset Management in 2018.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: Blue Water Shipping
  • Landlord: Berger Asset Management
  • Square Feet: 3,900
  • Tenant's Representatives: Jonathon Connor (Colliers International), Jake Spinnell (Colliers International)

In addition to Blue Water Shipping, two other tenants have signed leases at Concourse Chicago. Green Office Partners, represented by Steve Goldstein of Jameson Commercial, leased 3,700 square feet and is relocating from the central business district. Great Lakes Technology, represented by John Cassidy of Lee & Associates, leased 1,500 square feet for a satellite office. The landlord was represented by Steve Chrastka and Jason Wurtz of NAI Hiffman as the exclusive leasing representatives for the property.

Players

Jonathon Connor
5 deals(847) 436-6664
BROKER


LANDLORD

Details

LEASED
IMAGE: 8601 W Bryn Mawr Ave, Chicago, IL, 6... MARKET: Chicago TENANT'S REP: Jonathon Connor(Colliers International), Jake Spinnell(Colliers International) TENANT: Blue Water Shipping LANDLORD: Berger Asset Management SQUARE FEET: 3900

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Deal Type
Effective Rent (Annual)

$223,545.65

Total Lease Value

$2,235,456.47

Net Landlord Cash Flow$223,545.65