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
About this deal
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.
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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