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Echo Global Logistics Leases 185000 Square Feet At 600 West Chicago Avenue From Sterling Bay

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LEASED
Andrea VanGelder
Kellen Monti
+ 1

National

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Mixed-use185,000 SF
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LEASED

Echo Global Logistics Leases 185000 Square Feet At 600 West Chicago Avenue From Sterling Bay

600 West Chicago Avenue, 900-950 W...

See Similar Deals
Mixed-use185,000 SF
Andrea VanGelder
Kellen Monti
+ 1
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Summary

Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:185,000 SF
Transaction Type:Lease

The property involved in this transaction is located at 600 West Chicago Avenue in Chicago's River West submarket. It encompasses an office and retail space. The total square footage of the leased area for Echo Global Logistics is 185,000 square feet.

Summary of transaction details:

  • Property Type: Office and retail
  • Transaction Amount: Not disclosed
  • Address: 600 West Chicago Avenue
  • Tenant: Echo Global Logistics
  • Landlord: Sterling Bay
  • Tenant's Representatives: Kellen Monti-JLL, Matthew "Matt" Carolan-JLL, Andrea VanGelder-JLL
  • Lease Structure for VSA Partners: 25,000 square feet
  • VSA Representatives: Steven Livaditis-CBRE, Jon Milonas-CBRE
  • Sterling Bay Representatives: Russ Cora, Austin Lusson

This office lease renewal for Echo Global Logistics marks their continued presence in the building since 2005. VSA Partners has been a tenant since 2008 and recently restructured its lease. The transaction illustrates the sustained demand for prime office space in Chicago's River West area.

Players

Matthew (Matt) Carolan
6 deals(312) 228-2513
BROKER




Sterling Bay
BROKERAGE

Sterling Bay
LANDLORD

Details

LEASED
IMAGE: 600 West Chicago Avenue, 900-950 W... TENANT'S REP: Kellen Monti-JLL, Matthew "Matt" Carolan-JLL, Andrea VanGelder-JLL TENANT: Echo Global Logistics LANDLORD: Sterling Bay SQUARE FEET: 185000

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Deal Type
Effective Rent (Annual)

$10,604,088.36

Total Lease Value

$106,040,883.63

Net Landlord Cash Flow$10,604,088.36