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400 410 North Michigan Avenue

Chicago Fire FC Leases 29000 Square Feet Office From Landlord Joe Mansueto At Wrigley Building
LEASEDOffice

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

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.

Players

Joe Mansueto

Landlord

$773M

vol

5 deals

Landlord

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