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10 South Lasalle Street

Housing Authority Of Cook County Expands Lease To 47,000 Square Feet At 10 South LaSalle Street
LEASEDOffice

Housing Authority Of Cook County Expands Lease To 47,000 Square Feet At 10 South LaSalle Street

10 South Lasalle Street

Building Size

47,000 SF

Asset Type

Office

Closing

Apr 15, 2026

AI

The property asset involved in the transaction is located at 10 South Lasalle Street in Chicago, classified as an office space covering 47,000 square feet. It is currently managed by the Feil Organization, which has owned the building since 2002.

Summary of transaction details:

The Housing Authority of Cook County expanded its lease at the location to nearly 47,000 square feet, moving into two floors of the building. This expansion indicates a trend in which government tenants are occupying discounted and distressed office spaces despite the challenging financial circumstances surrounding the property.

Players

Kathleen Bertrand

Transwestern

Broker

9 deals

Broker
Jeffrey Feil

Jeffrey Feil

The Feil Organization

Landlord

$512.5M

vol

24 deals

Landlord

Danita Childers

Housing Authority of Cook County

Tenant

1 deal

Tenant

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