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233 South Wacker Drive

IMC Leases Additional 100,000 SF At Willis Tower From Stephen A. Schwarzman Of Blackstone
LEASEDOffice

IMC Leases Additional 100,000 SF At Willis Tower From Stephen A. Schwarzman Of Blackstone

233 South Wacker Drive

Building Size

100,000 SF

Asset Type

Office

Closing

Feb 4, 2026

AI

The property asset involved in this transaction is an office space located at 233 South Wacker Drive in Chicago, featuring a total square footage of 100,000. This lease agreement was executed on February 4, 2026. The asset is part of the Willis Tower, a skyscraper with a total area of 4.5 million square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 233 South Wacker Drive
  • Market: Chicago
  • Landlord: Stephen A. Schwarzman - Blackstone
  • Tenant: IMC
  • Landlord's Representative: Nikki Kern, JD Parcheta, Jamai Brown & Jamey Dix - The Telos Group
  • Tenant's Representative: Matt Carolan - JLL

This lease marks the second major expansion for Dutch trading firm IMC, adding to its existing footprint in the Willis Tower and highlighting continued demand from large tenants despite challenges faced by the landlord, Blackstone, including significant debt and the ongoing upgrades of the building.

Players

Jon-David Parcheta

Telos Group

Broker

6 deals

Broker
JLL
JLLBrokerage
Blackstone
BlackstoneLandlord

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