Dan McMahon Of Wilson Elser Leases 20,000 Square Feet At 161 North Clark Street In Chicago
161 N Clark St
Building Size
20,000 SF
Asset Type
Office
Closing
Feb 24, 2025
AI
The property asset involved in the transaction is an office space located at 161 North Clark Street in Chicago. The office spans 20,000 square feet and is part of a 50-story building owned by Societe Generale.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 161 North Clark Street
- Market: Chicago
- Landlord: Slawomir Krupa - Societe Generale
- Tenant: Dan McMahon - Wilson Elser
- Brokers: Ari Klein & Scott Shelbourne - Cushman & Wakefield
Wilson Elser is downsizing from 34,600 square feet at 55 West Monroe Street to the new 20,000 square feet space at 161 North Clark Street. The transaction was facilitated by brokers Ari Klein and Scott Shelbourne, representing the tenant in the deal.
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