Morningstar Signs Lease For 275,000 Square Feet At 171 North LaSalle Street In Chicago
171 North Lasalle Street
Building Size
275,000 SF
Asset Type
Office
Closing
Sep 30, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 171 North LaSalle Street in the Chicago, IL market. The total square footage of the asset is 275,000 square feet, and it is currently under lease. The transaction marks a significant movement in the Chicago office market for the year 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 171 North LaSalle Street
- Market: Chicago, IL
- Landlord: Sundar Pichai - Google
- Tenant: Kunal Kapoor - Morningstar
- Brokers: Jon Milonas, Peter Livaditis & Haley Maxell - CBRE
- Lease Size: 275,000 square feet
Morningstar is set to relocate its global headquarters to the Thompson Center at 171 N. LaSalle St., with plans to move in late 2028. This lease is identified as Chicago's largest downtown office transaction of 2026 to date, facilitated by CBRE representatives Jon Milonas, Peter Livaditis, and Haley Maxell.
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Earlville 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