facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Office

/

Lease

/

333 West Wolf Point Plaza

McKinsey & Co Subleases 72,000 SF Office At Salesforce Tower Chicago From Marc Benioff
LEASEDOffice

McKinsey & Co Subleases 72,000 SF Office At Salesforce Tower Chicago From Marc Benioff

333 West Wolf Point Plaza

Building Size

72,000 SF

Asset Type

Office

Closing

Apr 29, 2026

AI

The property involved in this lease transaction is an office space measuring 72,000 square feet, located at 333 West Wolf Point Plaza in Chicago. It is a part of the Salesforce Tower, which is a prominent asset in the office market.

Summary of transaction details:

In this transaction, McKinsey & Company is negotiating to sublease approximately 72,000 square feet from Salesforce, which represents a reduction in their office footprint. The deal, facilitated by the brokerage firms CBRE and JLL, highlights the ongoing preference for quality office spaces amidst a challenging office market landscape and increasing vacancy rates in lower-tier buildings.

Players

Bradley Serot

CBRE

Broker

12 deals

Broker
Marc Benioff

Marc Benioff

Salesforce

Landlord

5 deals

Landlord
Bob Sternfels

Bob Sternfels

McKinsey & Co

Tenant

1 deal

Tenant

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