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Transwestern Leases 35000 Square Feet Office Space From Mesa West Capital At 123 North Wacker Drive

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LEASED
Larry Serota
Eric Myers
+ 2

Illinois

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Office35,000 SF
Leased 01/15/2026
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Property Image
LEASED

Transwestern Leases 35000 Square Feet Office Space From Mesa West Capital At 123 North Wacker Drive

123 North Wacker Drive

See Similar Deals
Office35,000 SF
Leased 01/15/2026
Larry Serota
Eric Myers
+ 2
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:35,000 SF
Transaction Type:Lease

The property asset involved in this transaction is an office space at 123 North Wacker Drive in Chicago, consisting of a total area of 35,000 square feet. The lease was signed by Transwestern, which will be relocating its flagship office from 200 and 181 W. Madison St. this fall. The building itself is a 595,000-square-foot tower and was recently acquired by Mesa West Capital following a lender seizure.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 123 North Wacker Drive
  • Market: Chicago
  • Asset Size: 35,000 SF
  • Landlord: Ronnie Gul - Mesa West Capital
  • Tenant: Blake Johnson - Transwestern
  • Landlord's Rep: Austin Lusson & Russ Cora - Sterling Bay
  • Tenant's Rep: Larry Serota - Transwestern

This transaction was facilitated by key representatives from both parties, with Austin Lusson and Russ Cora representing the landlord, Mesa West Capital, while Larry Serota represented the tenant, Transwestern. The move indicates a positive trend in downtown leasing and highlights the consistent demand for premium office space in the area among notable real estate firms in Chicago.

Players

Larry Serota
7 deals$5.4M volume(312) 881-7038
BROKER




Sterling Bay
BROKERAGE

Transwestern
BROKERAGE


Blake Johnson
Transwestern
3 deals$186M volume
TENANT

Details

LEASED
IMAGE: Ronnie Gul, Russ Cora, Blake Johnson, Austin Lusson & Larry Serota DATE: 01/15/2026 ADDRESS: 123 North Wacker Drive MARKET: Chicago ASSET TYPE: Office ~ SF: 35,000 LANDLORD: Ronnie Gul - Mesa West Capital TENANT: Blake Johnson - Transwestern LANDLORD'S REP: Austin Lusson & Russ Cora - Sterling Bay (@SterlingBay) TENANT'S REP: Larry Serota (@LSerota3) - Transwestern (@Transwestern) NOTE: Transwestern signed a 35,000-square-foot lease across the top three floors of 123 N. Wacker Drive in Chicago, relocating its flagship office from 200 and 181 W. Madison St. this fall. The move signals downtown leasing momentum at the 595,000-square-foot tower, recently acquired by Mesa West Capital after lender seizure, and highlights continued demand for premium office space among top Chicago real estate firms.

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Deal Type
Effective Rent (Annual)

$2,006,178.88

Total Lease Value

$20,061,788.80

Net Landlord Cash Flow$2,006,178.88