Duncan Wlodarczak Of Onni Group Leases 32,000 Square Feet Office To Legal Aid Chicago
200 North Lasalle Street
Building Size
32,000 SF
Asset Type
Office
Closing
Feb 28, 2025
AI
The property asset involved in this transaction is located at 200 North Lasalle Street in Chicago. The office space encompasses 32,000 square feet. Legal Aid Chicago is relocating to this new location from its previous office, which was 55,000 square feet in size at 120 South LaSalle. This move represents a trend of tenants leaving older Loop buildings.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 32,000
- Landlord: Duncan Wlodarczak - Onni Group
- Tenant: Kate Shank - Legal Aid Chicago
- Previous Location: 120 South LaSalle
- Previous Square Footage: 55,000
In this deal, Duncan Wlodarczak represents the Onni Group, while Kate Shank represents Legal Aid Chicago. The relocation benefits Onni Group and creates a vacancy for Ravelin Properties, which is facing financial pressure with an impending loan deadline.
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