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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 448 North Lasalle Drive
- Market: Chicago
- Landlord: National Real Estate Advisors
- Tenant: Apex Systems
- Landlord's Representative: Erica Marshall & Mark Gunderson - Stream Realty Partners
- Tenant's Representative: Jeff Skender, Jack Tunnicliff, Mike DeSantis & Mark Moore - Cushman & Wakefield
- Lease Term: Long-term
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
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