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Monos Signs 10-Year Lease For 2800 Square Feet Retail Space At 160 North Morgan Street
LEASED
Illinois
See Similar DealsRetail2,800 SF
Leased 11/12/2024
LEASED
Monos Signs 10-Year Lease For 2800 Square Feet Retail Space At 160 North Morgan Street
160 North Morgan Street
See Similar DealsRetail2,800 SF
Leased 11/12/2024
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:2,800 SF
Transaction Type:Lease
The property in question is a 2,800-square-foot retail space located at 160 North Morgan Street in Chicago. This asset is part of The Dylan, a mixed-use development that is 30 stories high and is scheduled to open in the spring of 2025. The development was completed in October 2023 and is currently 97% leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Term: 10-year
- Landlord: Jess Brown - Sterling Bay
- Tenant: Monos
- Brokers: Phillip Golding & Todd Siegel - CBRE
The lease agreement was facilitated by Phillip Golding and Todd Siegel of CBRE, representing the landlord, Jess Brown of Sterling Bay. Monos is set to occupy the retail space within The Dylan, contributing to the development's tenant mix in the Fulton Market area of Chicago.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$160,494.31
Total Lease Value
$1,604,943.10
Net Landlord Cash Flow$160,494.31
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