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939 West Fulton Market

Andy Gloor Of Sterling Bay Signs Lease For 25,000 SF Office At 939 West Fulton Market
LEASEDOffice

Andy Gloor Of Sterling Bay Signs Lease For 25,000 SF Office At 939 West Fulton Market

939 West Fulton Market

Building Size

25,000 SF

Asset Type

Office

Closing

Mar 13, 2025

AI

The property asset involved in this transaction is an office space totaling 25,000 square feet located at 939 West Fulton Market in the Chicago market. The landlord for this lease is Vital Proteins. The transaction reflects a shift in space for the tenant, moving to a smaller office area.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not Specified
  • Address: 939 West Fulton Market
  • Market: Chicago
  • Landlord: Vital Proteins
  • Tenant: Andy Gloor - Sterling Bay
  • Broker: Dougal Jeppe - Colliers
  • Previous Office Size: 31,000 SF at 333 N. Green St.
  • New Office Size: 25,000 SF

Andy Gloor of Sterling Bay is overseeing the leasing of the new space, as the firm consolidates its operations as part of a cost-cutting strategy. Dougal Jeppe from Colliers represents the landlord in this transaction.

Players

Dougal Jeppe

Colliers

Broker

$194M

vol

4 deals

Broker
Andy Gloor

Andy Gloor

Sterling Bay

Tenant

$993.9M

vol

16 deals

Tenant

Chicago 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