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Golub Capital Leases 200000 SF Office Space At 225 West Randolph Street In Chicago

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LEASED
Jack O’Brien
Matthew (Matt) Whipple
DW
+ 1

Illinois

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Office200,000 SF
Leased
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LEASED

Golub Capital Leases 200000 SF Office Space At 225 West Randolph Street In Chicago

225 West Randolph Street

See Similar Deals
Office200,000 SF
Leased
Jack O’Brien
Matthew (Matt) Whipple
DW
+ 1
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:200000 SF
Transaction Type:Lease

The property at 225 West Randolph Street, located in the Chicago market, consists of 200,000 square feet of office space. It is housed within The Bell, a renovated historic tower which has recently attracted major tenants due to significant renovations and incentives.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 225 West Randolph Street
  • Market: Chicago
  • Landlord: Onni Group
  • Tenant: Golub Capital
  • Landlord's Representative: Jack O’Brien & Matthew Whipple - Telos Group
  • Tenant's Representative: Steve Joseph - CBIZ Gibraltar Real Estate Services
  • Leasing Status: 85% leased post-deal
  • Renovation Investment: $140M
  • Incentives Used: Cook County tax incentives

This lease marks a substantial move for Golub Capital, as they occupy a significant portion of office space in a key downtown area. The transaction involves multiple representatives, showcasing collaboration among different agencies, with Onni Group and Telos Group facilitating the landlord's side while CBIZ Gibraltar Real Estate Services represents the tenant.

Players

Jack O’Brien
Telos Group
Jack O’Brien
6 deals(312) 907-2133
BROKER
Matthew (Matt) Whipple
Telos Group
Matthew Whipple
6 deals(616) 460-6691
BROKER
Steve Joseph
CBIZ Gibraltar Real Estate Services
Steve Joseph
1 deal(312) 602-6901
BROKER
CBIZ Gibraltar Real Estate Services
CBIZ Gibraltar Real Estate Services
BROKERAGE
DW
Onni Group
Duncan Wlodarczak
3 deals$45M volume
LANDLORD

Details

LEASED
IMAGE: Jack O’Brien, Duncan Wlodarczak, Matthew Whipple, Steve Joseph & Lawrence Golub DATE: 05/23/2025 ADDRESS: 225 West Randolph Street MARKET: Chicago ASSET TYPE: Office ~ SF: 200,000 LANDLORD: Duncan Wlodarczak - Onni Group (@OnniGroup) TENANT: Lawrence Golub - Golub Capital LANDLORD'S REP: Jack O’Brien & Matthew Whipple - Telos Group TENANT'S REP: Steve Joseph - CBIZ Gibraltar Real Estate Services NOTE: Golub Capital is set to lease over 200,000 SF at The Bell, a renovated historic tower at 225 W. Randolph St., marking one of Chicago's biggest downtown office moves this year. The deal boosts The Bell to 85% leased and highlights how Onni Group’s $140M renovation and use of Cook County tax incentives are drawing major tenants back to the Central Loop.

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Deal Type
Effective Rent (Annual)

$11,463,879.31

Total Lease Value

$114,638,793.11

Net Landlord Cash Flow$11,463,879.31