CRC Group Leases 20K SF Office Space At 123 North Wacker Drive From Sterling Bay
123 West Upper Wacker Drive
Building Size
20,000 SF
Asset Type
Office
Closing
Aug 22, 2025
About this deal
AI
The property asset involved in the context is an office space located at 123 North Wacker Drive in Chicago, consisting of 20,000 square feet. The lease transaction pertains to the building’s 19th floor, facilitating operational capabilities for the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 123 North Wacker Drive
- Market: Chicago
- Square Footage: 20,000
- Landlord: Andy Gloor - Sterling Bay
- Tenant: Dave Obenauer - CRC Group
CRC Group has signed a full-floor lease, specifically occupying the 19th floor of the building. Sterling Bay is responsible for managing leasing, property, and asset management on behalf of the ownership, indicating their capacity in overseeing the transaction and property management.
On the Map
Office
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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