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Adtalem Global Education Leases 84000 Square Feet At Willis Tower In Chicago

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LEASED

Illinois

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Office84,000 SF
Leased 11/14/2024
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LEASED

Adtalem Global Education Leases 84000 Square Feet At Willis Tower In Chicago

233 South Lower Wacker Service Drive

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Office84,000 SF
Leased 11/14/2024
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:84,000 SF
Transaction Type:Lease

The property asset involved in this transaction is located at 233 South Wacker Drive in Chicago. It is an office asset with a square footage of 84,000. The transaction involves a lease agreement which marks a significant move within the market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 233 South Wacker Drive
  • Market: Chicago
  • Square Footage: 84,000
  • Landlord: Alex Vouvalides - EQ Office
  • Tenant: Steve Beard - Adtalem Global Education
  • Landlord's Representative: Telos Group
  • Tenant's Representatives: Jamie Wallenberg & Meredith O’Connor - JLL

This lease agreement signifies Adtalem Global Education's intention to expand its office space by signing for 84,000 square feet across two floors at the Willis Tower. This move allows EQ Office's Willis Tower to increase its occupancy rate to 86%, even amid broader trends affecting downtown Chicago's office spaces.

Players

Meredith O’Connor
2 deals(312) 523-8737
BROKER

Details

LEASED
IMAGE: Meredith O’Connor, Jamie Wallenberg, Steve Beard & Alex Vouvalides DATE: 11/14/2024 ADDRESS: 233 South Wacker Drive MARKET: Chicago ASSET TYPE: Office ~ SF: 84,000 LANDLORD: Alex Vouvalides - EQ Office TENANT: Steve Beard - Adtalem Global Education LANDLORD'S REP: Telos Group TENANT'S REP: Jamie Wallenberg (@JamieWallenberg) & Meredith O’Connor - JLL (@JLL) NOTE: Adtalem Global Education signed an 84,000-square-foot lease across two floors at Willis Tower, expanding from its current 54,000-square-foot space at 500 West Monroe Street. This move boosts occupancy for EQ Office's Willis Tower, which now sits at 86% amid broader downtown Chicago office downsizing trends.

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Deal Type
Effective Rent (Annual)

$4,814,829.31

Total Lease Value

$48,148,293.11

Net Landlord Cash Flow$4,814,829.31