Updated Oct 13, 2026
Trammell Crow Acquires Development Site In Chicago For $77M
1112 West Carroll Avenue, Chicago, Illinois 60612, United States
$77,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 14, 2022
About this deal
AI
A development site located at 1112 West Carroll & 315 North May Street in Chicago has been sold for a total of $77,000,000. The transaction took place on 08/15/2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $77,000,000
- Buyer: Trammell Crow - Mike Lafitte
Trammell Crow, represented by Mike Lafitte, purchased the development site in Chicago. The property is located at 1112 West Carroll & 315 North May Street. The sale price for the transaction was $77,000,000.
On the Map
$77,000,000
Development Site
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Players
Chicago Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93