Adams Street Partners Leases 46,000 Square Feet Office Space From La Caisse In Chicago
120 S Riverside Plz
Building Size
46,000 SF
Asset Type
Office
Closing
Aug 5, 2026
AI
The property asset involved in the transaction is an office lease located at 120 South Riverside Plaza, Chicago, IL, encompassing a total of 46,000 square feet. The landlord for this lease is La Caisse, and the asset is situated in a market that continues to experience a demand for office space. The transaction represents a long-term lease agreement for the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 120 S Riverside Plz
- Market: Chicago, IL
- Landlord: La Caisse
- Tenant: Jeffrey Diehl - Adams Street Partners
- Lease Type: Office lease
- Brokers Representing Tenant: John Goodman, Eric Feinberg, Brandon Nasatir & Isabell Schwartz - Savills
- Broker Representing Landlord: Kelsey Scheive - CBRE
This transaction highlights the involvement of key individuals such as Jeffrey Diehl, who represents Adams Street Partners as the tenant, while Kelsey Scheive represents the landlord La Caisse through CBRE. The tenant's relocation from 1 North Wacker Drive underlines the expansion of its Chicago headquarters, and Savills played a crucial role in facilitating the lease on behalf of the tenant.
Players
Plaza 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