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120 S Riverside Plz

Adams Street Partners Leases 46,000 Square Feet Office Space From La Caisse In Chicago
LEASEDOffice

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:

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

Kelsey Scheive

CBRE

Broker

6 deals

Broker
Savills
SavillsBrokerage
Jeffrey Diehl

Jeffrey Diehl

Adams Street Partners

Tenant

1 deal

Tenant

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