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1 East Upper Wacker Drive

AmTrust RE Signs Six Leases At One East Wacker Mixed-Use Tower In Chicago
LEASEDMixed-use

AmTrust RE Signs Six Leases At One East Wacker Mixed-Use Tower In Chicago

1 East Upper Wacker Drive

Building Size

95,000 SF

Asset Type

Mixed-use

Closing

Jun 19, 2026

AI

The property asset involved is a mixed-use building located at 1 East Wacker Drive, situated in the Chicago, IL market. The asset comprises 95,000 square feet and is housed within a 41-story office tower. The landlord for this property is Jonathan Bennett, representing AmTrust Real Estate. The recent leasing activity includes six leases and expansions totaling nearly the mentioned square footage.

Summary of transaction details:

The recent leasing activity included three new tenants along with three renewals and expansions. This follows significant renovation work on the facade and interior of the building. Fairgrounds Craft Coffee & Tea has also been noted as a new addition to the ground-floor retail roster of the property.

Players

Mark Gunderson

Stream Realty Partners⁠

Broker

2 deals

Broker
Jonathan Bennett

Jonathan Bennett

AmTrust RE

Landlord

$322.9M

vol

10 deals

Landlord

Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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