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
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