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141 West Jackson Boulevard

Good Karma Brands Leases 15,000 SF Office Space At 141 West Jackson Boulevard In Chicago
LEASEDOffice

Good Karma Brands Leases 15,000 SF Office Space At 141 West Jackson Boulevard In Chicago

141 West Jackson Boulevard

Building Size

15,000 SF

Asset Type

Office

Closing

Jun 20, 2025

AI

The property asset involved in this transaction is located at 141 West Jackson Boulevard in Chicago, offering an office space of 15,000 square feet. The Chicago Board of Trade Building is positioned in a market that is currently seeing over 70% lease occupancy rate following recent revitalization efforts.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Specified
  • Address: 141 West Jackson Boulevard
  • Market: Chicago
  • Landlord: Marc Rowan - Apollo Global Management; Matt Garrison - R2 Companies
  • Tenant: Craig Karmazin - Good Karma Brands
  • Broker: Andrew Marty - Madison Rose

Good Karma Brands is relocating ESPN 1000’s Chicago studio to this new office space. The relocation is set to take place in early next year, representing a strategic decision for both the tenant and the landlords involved, further enhancing the occupancy of the historic tower.

Players

Andrew Marty

Madison Rose

Broker

2 deals

Broker
Madison Rose
Madison RoseBrokerage
Matt Garrison

Matt Garrison

R2 Companies

Landlord

$118.6M

vol

7 deals

Landlord

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