Onni Group Acquires 1.1 Million Square Foot Office Building In Chicago For $125 Million

The asset involved in this transaction is an office building located at 161 North Clark Street in Chicago, encompassing a total of 1,100,000 square feet. Onni Group acquired the property for a price of $125 million, which equates to approximately $113.64 per square foot. The significant financing for this acquisition was provided by Barings, amounting to $156.7 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $125,000,000
• Loan Amount: $156,700,000
• Loan Type: Acquisition
• Address: 161 North Clark Street
• Market: Chicago
• Landlord: Rossano De Cotiis - Onni Group
• Lender: Barings
• SF: 1,100,000

This transaction highlights the involvement of key players in the deal, including Rossano De Cotiis, representing Onni Group, who orchestrated the acquisition, and Barings, the lender facilitating the financing. The deal was in progress since late 2025, indicating a strong interest in downtown Chicago office assets.