Manova Partners Leases 165410 SF Office Space To USG At 550 West Adams Street
550 West Adams Street
Building Size
165,410 SF
Asset Type
Office
Closing
Nov 16, 2025
AI
The property asset involved in the transaction is located at 550 West Adams Street in Chicago, comprising an office space with a total area of 165,410 square feet. The lease type is a NNN Lease, and it is under the management of Manova Partners as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 550 West Adams Street
- Market: Chicago
- Landlord: Manova Partners
- Tenant: USG
- Landlord's Representative: Katie Hull & Mark Bȃby - Stream Realty Partners
- Tenant's Representative: Chris Wood & David Stefancic - Cushman & Wakefield
The transaction highlights key individuals in the leasing process, with Katie Hull and Mark Bȃby representing Manova Partners and Chris Wood and David Stefancic representing USG. Their roles were pivotal in facilitating the terms of the lease agreement between the landlord and tenant.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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