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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10 South Lasalle Street
- Market: Chicago
- Landlord: Jeffrey Feil - The Feil Organization
- Tenant: Danita Childers - Housing Authority of Cook County
- Landlord's Representative: Kathleen Bertrand - Transwestern
- Tenant's Representatives: Steve Schneider & Chip Evans - Cushman & Wakefield
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
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