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:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 1 East Wacker Drive
- Market: Chicago, IL
- Asset Size: 95,000 SF
- Landlord: Jonathan Bennett - AmTrust RE
- Broker Representatives: Erica Marshall, Wendy Katz & Mark Gunderson - Stream Realty Partners
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
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