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4 Westbrook Corporate Cente...

Regent Surgical Health Leases 5669 Square Feet At 4 Westbrook Corporate Center From Blackstone
LEASEDOffice

Regent Surgical Health Leases 5669 Square Feet At 4 Westbrook Corporate Center From Blackstone

4 Westbrook Corporate Center, Westc...

Building Size

5,669 SF

Asset Type

Office

Closing

Sep 7, 2017

AI

4 Westbrook Corporate Center is a five-building, 10-story office park located in the Oak Brook submarket. The property offers office space with the tenant Regent Surgical Health occupying 5,669 square feet. The building provides convenient access to major interstates, approximately 20 minutes from downtown Chicago and O’Hare International Airport. On-site amenities include various dining options, a daycare center, a health club, a conference facility, and landscaped surroundings.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 4 Westbrook Corporate Center, Westchester, IL
  • Tenant: Regent Surgical Health
  • Landlord: Blackstone
  • Tenant's Representative: Andrea VanGelder (JLL)
  • Landlord's Representative: James Adler (NAI Hiffman)
  • Square Feet: 5,669

James Adler and Dan O’Neill represented the landlord, Blackstone, in this transaction. Additionally, NAI Hiffman recently brokered a large lease renewal for 3M and facilitated two new agreements at this location. The other agreement was with Legacy Professionals, which signed a lease for 20,673 square feet, relocating from 311 South Wacker.

Players

Andrea VanGelder

JLL

Broker

2 deals

Broker
Blackstone
BlackstoneLandlord

Market 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