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77 W Wacker Dr

Updated Dec 16, 2025

Sargent & Lundy Expands Office Lease At 77 West Wacker Drive In Chicago To 448000 SF
LEASEDOffice

Sargent & Lundy Expands Office Lease At 77 West Wacker Drive In Chicago To 448000 SF

77 W Wacker Dr

Building Size

66,000 SF

Asset Type

Office

Closing

Dec 12, 2025

About this deal

AI

The property asset involved in this lease transaction is located at 77 West Wacker Drive, Chicago. It encompasses 66,000 square feet of office space. The building is owned by the State Teachers Retirement System of Ohio and has a total size of 960,000 square feet. Following this transaction, the asset is nearly fully leased, with occupancy increasing from 62% last year.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 77 West Wacker Drive, Chicago
  • Asset Size: 66,000 square feet
  • Landlord: Steven Toole - State Teachers Retirement System of Ohio
  • Tenant: Victor Suchodolski - Sargent & Lundy
  • Total Footprint of Tenant: 448,000 square feet
  • Building Size: 960,000 square feet

This transaction highlights the involvement of key individuals, namely Steven Toole, representing the landlord, and Victor Suchodolski, representing the tenant Sargent & Lundy. Their roles were pivotal in facilitating the lease expansion within the office tower.

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Players

State Teachers Retirement System of Ohio
State Teachers Retirement System of OhioLandlord

Victor Suchodolski

Sargent & Lundy

Tenant

1 deal

Tenant
Sargent & Lundy
Sargent & Lundy Tenant
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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

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