CVS Health Leases 41000 SF Office Space At 525 West Monroe Street In Chicago
525 West Monroe Street
Building Size
41,000 SF
Asset Type
Office
Closing
Jul 10, 2025
About this deal
AI
The property asset involved in the transaction is an office space located at 525 West Monroe Street in the Chicago market. The total area of the office space is 41,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 525 West Monroe Street
- Market: Chicago
- Landlord: Rob Speyer - Tishman Speyer
- Tenant: David Joyner - CVS Health
- Landlord's Representative: Ellen May & Stephen Golz - Tishman Speyer
- Tenant's Representative: Robert Sevim & David Mahoney - Savills
CVS Health signed a lease for this space, consolidating its Aetna and Oak Street Health offices. The leasing was handled in-house by Tishman Speyer’s representatives, Ellen May and Stephen Golz, while Savills brokers Robert Sevim and David Mahoney represented CVS Health in the deal.
On the Map
Office
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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