American Hip Institute Renews 24654 Square Foot Lease At 999 East Touhy Avenue Des Plaines
999 East Touhy Avenue
Building Size
24,654 SF
Asset Type
Office
Closing
Jan 15, 2026
AI
The property is an office asset located at 999 East Touhy Avenue in Des Plaines, Illinois, encompassing 24,654 square feet. It is part of the O’Hare Offices campus, which consists of three buildings totaling 450,000 square feet.
Summary of transaction details:
- Property Type: Office
- Tenant: American Hip Institute and Orthopedic Specialists
- Landlord: Siete 7, LLC
- Landlord's Representative: Tony Russo - Lee & Associates
- Tenant's Representative: Jon Springer - CBRE
- Lease Renewal: Yes
- Year Tenant Occupied: Since 2019
Tony Russo of Lee & Associates represented the landlord, Siete 7, LLC, while Jon Springer of CBRE represented the tenant in this transaction. The lease renewal confirms the tenant's continued presence in the property, further solidifying their operational commitment at the site.
Players
Des Plaines 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