BOMA/Chicago Leases 6,257 SF Office Space At 190 South La Salle Street In Chicago
190 S La Salle St
Building Size
6,257 SF
Asset Type
Office
Closing
Nov 17, 2023
About this deal
AI
The Building Owners and Managers Association of Chicago (BOMA/Chicago) will be relocating its headquarters to 190 S. LaSalle St. in Chicago. The lease agreement for the new location covers a 6,257-square-foot office space. This move follows the sale of BOMA/Chicago's previous headquarters at 115 N. LaSalle St. to the State of Illinois last year. The relocation is scheduled for February and will include a build-out by MRSA Architects.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 190 South La Salle Street
- Market: Chicago
- Square Footage: 6,257
Farzin Parang, representing The Building Owners and Managers Association of Chicago (BOMA/Chicago), played a key role in securing the lease agreement for the new headquarters. This relocation presents an opportunity for BOMA/Chicago to establish a presence at a prominent address in the heart of Chicago's business district.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
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