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
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