Intelligent Medical Objects Leases 43384 Square Feet At 9600 W Bryn Mawr Ave Rosemont
9600 W Bryn Mawr Ave, Rosemont, IL...
Building Size
43,384 SF
Asset Type
Office
Closing
Feb 5, 2019
AI
9600 W Bryn Mawr Ave, located in Rosemont, IL, is part of the O’Hare Gateway Office Center, a 350,000-square-foot, Class A office complex. Intelligent Medical Objects (IMO) has signed a lease for 43,384 square feet within this property, becoming the first tenant after the building's extensive renovation. The relocation marks IMO's move from its previous offices at 60 Revere Drive in Northbrook, Illinois to this new location in the second quarter of 2019.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 9600 W Bryn Mawr Ave, Rosemont, IL
- Market: Rosemont
- Tenant: Intelligent Medical Objects
- Landlord: Unknown
- Tenant's Rep: Adam Southard (Savills Studley), Jon Azulay (Savills)
- Landlord's Rep: Daniel Svachula (Cushman & Wakefield), Jim Ward (Cushman & Wakefield)
- Square Feet: 43,384
In this transaction, Savills Studley represented the tenant, Intelligent Medical Objects, while Cushman & Wakefield represented the landlord. The deal reflects the strategic importance of location for the healthcare technology firm as it consolidates its operations in a newly renovated space.
Players
Rosemont 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