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448 North Lasalle Drive

Apex Systems Leases 15,378 SF Office Space From National Real Estate Advisors In Chicago
LEASEDOffice

Apex Systems Leases 15,378 SF Office Space From National Real Estate Advisors In Chicago

448 North Lasalle Drive

Building Size

15,378 SF

Asset Type

Office

Closing

Apr 22, 2026

AI

The property involved in this transaction is located at 448 North Lasalle Drive, Chicago, consisting of office space totaling 15,378 square feet. The lease term is long-term, and the deal was made between National Real Estate Advisors as the landlord and Apex Systems as the tenant.

Summary of transation details:

Apex Systems has signed a lease for the entire top floor of the building, relocating from 600 W. Chicago Ave. The deal involved representation from Stream Realty Partners for National Real Estate Advisors and Cushman & Wakefield for Apex Systems, indicating coordinated efforts by both parties in this relocation transaction.

Players

Jeff Skender

Cushman & Wakefield

Broker

3 deals

Broker
NA
National Real Estate AdvisorsLandlord
AS
Apex SystemsTenant

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