The property asset involved in this transaction is an office space located at 155 North Wacker Drive, Chicago, comprising 28,000 square feet. This transaction marks a significant shift for Allianz as it reduces its office space. The asset is part of the Chicago market and represents a strategic move for the tenant as they adapt to current workplace trends.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 155 North Wacker Drive
• Market: Chicago
• Square Footage: 28,000
• Landlord: John Buck - John Buck Company
• Tenant: Oliver Bäte - Allianz
• Landlord's Rep: William Rolander - Newmark
• Tenant's Reps: Jon Milonas & Kyle Kamin - CBRE

This transaction highlights the involvement of key individuals and companies in the leasing process. The landlord, John Buck, represents the John Buck Company, while the tenant, Allianz, is represented by Oliver Bäte. The deal is facilitated by William Rolander of Newmark representing the landlord, and the tenant's interests are represented by Kyle Kamin and Jon Milonas from CBRE. Notably, the deal reflects Allianz's decision to downsize by 62% from their previous location at 225 West Washington Street.