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600 West Fulton Street

Thornton Tomasetti Leases Office Space At 600 West Fulton St. In Chicago
LEASEDOffice

Thornton Tomasetti Leases Office Space At 600 West Fulton St. In Chicago

600 West Fulton Street

$27

$27/SF

Building Size

19,000 SF

Asset Type

Office

Closing

May 2, 2020

AI

Engineering consultant Thornton Tomasetti is reducing its Chicago office footprint by over 40% with a move to a nearly 19,000-square-foot space at 600 West Fulton Street. Their previous space, located at 330 North Wabash Avenue in River North, spanned 32,000 square feet. The new location in the Fulton Market District offers trendy spaces that are attracting tenants, while downtown Chicago's central business district is experiencing negative net absorption and a surplus of vacant office space.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 600 West Fulton Street
  • Market: Chicago

Thornton Tomasetti's relocation to 600 West Fulton Street was facilitated by their tenant representative Molly Carroll and Andy Strand from JLL. They will be leasing the space from Parkside Realty, represented by Barb Schenberg. The asking rent for the 19,000-square-foot office is $27.2 per square foot.

Players

Barb Schenberg

Broker

1 deal

Broker

Hartford City 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

587518.52%

Cash-on-Cash

-167914.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93