Jordan Menashe & Ross Kelley Of Menashe Properties Secures $50 Million Loan For 180 North LaSalle Street
180 North Lasalle Street
$50,000,000
$63/SF
Building Size
785,000 SF
Asset Type
Office
Closing
Jun 14, 2026
About this deal
AI
The property asset involved in this transaction is an office located at 180 North Lasalle Street in the Chicago market. The total square footage of the office asset is 785,000 square feet, and it has an acquisition loan amounting to $50,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $50,000,000
- Lender: Scott Larson & Alex Guckien - Obra Real Estate
- Landlord: Jordan Menashe & Ross Kelley - Menashe Properties, Inc.
- Loan Type: Acquisition
- Transaction Date: 06/15/2026
This deal involves key individuals including Scott Larson and Jordan Menashe, who have roles in the transaction as representatives of the lender and landlord respectively. The representation by Obra Real Estate indicates the involvement of established professionals in securing the financing for this acquisition.
On the Map
$50,000,000
$63/SF
Office
View full map
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Scott Larson to view all their deals.
Browse Chicago office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93