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161 N Clark St

Dan McMahon Of Wilson Elser Leases 20,000 Square Feet At 161 North Clark Street In Chicago
LEASEDOffice

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

Scott Shelbourne

Cushman & Wakefield

Broker

5 deals

Broker
Societe Generale
Societe GeneraleLandlord
Wilson Elser
Wilson ElserTenant

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