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35 E. Wacker Drive

Sheridan Capital Partners Signs 25,445 SF Lease At Jewelers Building With Landlords Prime Group And CRG
LEASEDOffice

Sheridan Capital Partners Signs 25,445 SF Lease At Jewelers Building With Landlords Prime Group And CRG

35 E. Wacker Drive

Building Size

25,445 SF

Asset Type

Office

Closing

Aug 18, 2025

AI

The property involved in this transaction is an office asset located at 35 East Wacker Drive, Chicago. It encompasses a total of 25,445 square feet. The ownership of the asset includes Prime Group and CRG, who acquired the 556,200 square foot landmark property for $36 million in 2023. The building has seen an increase in occupancy rates, now reaching 70%.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 35 East Wacker Drive
  • Market: Chicago
  • Square Footage: 25,445
  • Landlord: Shawn Clark - CRG ; Michael W. Reschke - Prime Group
  • Tenant: Jonathan Lewis - Sheridan Capital Partners
  • Brokers: Adam Pines & Andrew Marty - Madison Rose

Jonathan Lewis of Sheridan Capital Partners signed a lease for the new headquarters, moving from the Wrigley Building. Madison Rose represents the ownership in this transaction, marking a significant change in the operational presence of Sheridan Capital Partners in the area.

Players

Adam Pines

Madison Rose

Broker

3 deals

Broker
Madison Rose
Madison RoseBrokerage

Michael W. Reschke

Prime Group

Landlord

$364M

vol

5 deals

Landlord
C
CRGLandlord

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