facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Office

/

Lease

/

30 S Wacker Dr

Murray Auchincloss Of BP PLC Leases 240000 Square Feet Office At 30 S Wacker Dr
LEASEDOffice

Murray Auchincloss Of BP PLC Leases 240000 Square Feet Office At 30 S Wacker Dr

30 S Wacker Dr

Building Size

240,000 SF

Asset Type

Office

Closing

Mar 24, 2025

AI

The property asset involved in this transaction is located at 30 S Wacker Dr, in the Chicago market. The asset type is classified as office space, encompassing a total of 240,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 30 S Wacker Dr
  • Market: Chicago
  • Square Feet: 240,000
  • Tenant: Murray Auchincloss - BP PLC
  • Landlord: Rob Speyer & Nooshin Felsenthal - Tishman Speyer
  • Tenant's Representatives: Matthew (Matt) Carolan (JLL), Kevin Morgan (JLL), Andy Strand (JLL)
  • Landlord's Representative: Ellen May (Tishman Speyer)

This lease transaction, dated 03/24/2025, involved key representatives from JLL and Tishman Speyer, facilitating the arrangement between BP PLC and Tishman Speyer as landlord. The collaboration included the negotiations and terms outlined by the leasing teams for a significant office lease agreement within the Chicago location.

Players

Andy Strand

JLL

Broker

2 deals

Broker

Nooshin Felsenthal

Tishman Speyer

Landlord

$128M

vol

5 deals

Landlord

Chicago Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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