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550 West Adams Street

Manova Partners Leases 165410 SF Office Space To USG At 550 West Adams Street
LEASEDOffice

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

Mark Baby

Stream Realty Partners⁠

Broker

$55M

vol

3 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage

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