JPMorgan Chase Expands Lease At Citadel Center In Chicago To 321000 SF Through TPG Angelo Gordon And Hines

The property asset involved in this transaction is an office space located at 131 South Dearborn Street in Chicago. This asset spans 321,000 square feet and is part of a larger 1.5 million square foot building known as Citadel Center.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: 126,000 sf lease expansion
• Landlord: Josh Baumgarten & Adam Schwartz - TPG Angelo Gordon; Jeff Hines & Laura Hines-Pierce - Hines
• Tenant: Jamie Dimon - JPMorgan Chase
• Financing Amount: $448M from BayernLB

This deal involves significant stakeholders, with Jamie Dimon representing JPMorgan Chase as the tenant. The landlords are a collaboration between TPG Angelo Gordon and Hines, with Joshua Baumgarten and Adam Schwartz listed as representatives from TPG Angelo Gordon, and Jeff Hines and Laura Hines-Pierce representing Hines in this transaction. JPMorgan Chase's lease expansion is structured through staggered terms that will conclude in 2026 and 2029.