Joe Mansueto Of Morningstar Leases 300,000 Square Feet At 100 West Randolph Street Chicago
100 West Randolph Street
Building Size
300,000 SF
Asset Type
Office
Closing
Apr 21, 2026
AI
The property asset involved in the transaction is located at 100 West Randolph Street in Chicago. It is an office space with a total square footage of 300,000. The redeveloped Thompson Center is significant as it is undergoing a $300 million overhaul led by Google.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 100 West Randolph Street
- Market: Chicago
- Landlord: Sundar Pichai - Google
- Tenant: Joe Mansueto - Morningstar
- Brokers: Jason Houze, Aaron Schuster, Jon Milonas, Peter Livaditis & Kyle Kamin - CBRE
Key individuals involved in this leasing arrangement include Sundar Pichai representing Google, who is the landlord, and Joe Mansueto representing Morningstar, the tenant. The deal is notable as it signals a strong demand for office space in the central business district, with Morningstar in advanced talks regarding the lease.
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