Chicago Fire FC Leases 29000 Square Feet Office From Landlord Joe Mansueto At Wrigley Building
400 410 North Michigan Avenue
Building Size
29,000 SF
Asset Type
Office
Closing
Oct 23, 2025
About this deal
AI
This transaction involves an office lease at 400-410 North Michigan Avenue in Chicago, encompassing 29,000 square feet. The property is part of the Wrigley Building, located in a prominent market for office space. The asset is owned by Joe Mansueto.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 400-410 North Michigan Avenue
- Market: Chicago
- Landlord: Joe Mansueto
- Tenant: Chicago Fire FC
Chicago Fire FC signed the lease as the club moves its headquarters from 1 N. Dearborn St., with its current lease set to expire early next year. Additionally, this relocation aligns with the club's plans for a future $750 million stadium project in the South Loop, planned to feature 22,000 seats and slated for completion by 2028.
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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