LEASEDOffice
Attorneys' Liability Assurance Society Leases 37,000 SF Office In Chicago
10 S Riverside Plz & 120 South Riverside Plaza
Building Size
37,000 SF
Asset Type
Office
Closing
Feb 16, 2024
About this deal
AI
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 10 & 120 South Riverside Plaza
- Market: Chicago
- Square Footage: 37,000
- Landlord: Jonathan Pearce - Ivanhoé Cambridge; Matt Bailey - Hines
- Tenant: Daniel J. Donnelly - Attorneys' Liability Assurance Society (ALAS)
- Landlord's Rep: Kelsey Morgan & Kelsey Scheive - CBRE
- Tenant's Rep: David Stein - Steinco Corporate Real Estate Advisors
On the Map
Office
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Players
Chicago 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