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100 West Randolph Street

Joe Mansueto Of Morningstar Leases 300,000 Square Feet At 100 West Randolph Street Chicago
LEASEDOffice

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:

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

Jason Houze

CBRE

Broker

1 deal

Broker

Sundar Pichai

Google

Landlord

$137.8M

vol

11 deals

Landlord
Joe Mansueto

Joe Mansueto

Morningstar

Tenant

$773M

vol

5 deals

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