Riverside Investment & Development Leases Office Space At 320 South Canal Street In Chicago
320 South Canal Street
Building Size
29,067 SF
Asset Type
Office
Closing
Apr 8, 2026
AI
The property asset involved in this transaction is an office space located at 320 South Canal Street in Chicago, encompassing a total of 29,067 square feet. The landlord for this lease transaction is Riverside Investment & Development.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 320 South Canal Street
- Market: Chicago
- Landlord: Riverside Investment & Development
- Landlord's Representative: Christy Domin, Daniel Heckman & Drew Nieman - Riverside Investment & Development Company
- Tenant's Representative: Patrick Schenk, Matthew Carolan & Ronnie Deyo - JLL
The key individuals involved in this deal include representatives from Riverside Investment & Development Company, specifically Christy Domin, Daniel Heckman, and Drew Nieman, who represent the landlord. On the tenant's side, Patrick Schenk, Matthew Carolan, and Ronnie Deyo from JLL represent the tenant in this transaction.
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