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
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