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525 West Monroe Street

CVS Health Leases 41000 SF Office Space At 525 West Monroe Street In Chicago
LEASEDOffice

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

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.

Players

David Mahoney

CBRE

Broker

$14.1M

vol

5 deals

Broker
Savills
SavillsBrokerage
Rob Speyer

Rob Speyer

Tishman Speyer

Landlord

$4.2B

vol

38 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