facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Office

/

Loan

/

180 North Lasalle Street

Jordan Menashe & Ross Kelley Of Menashe Properties Secures $50 Million Loan For 180 North LaSalle Street
FINANCEDOffice

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

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.

Players

Obra Real Estate
Obra Real EstateLender

Scott Larson

Obra Real Estate

Originator

$176.4M

vol

6 deals

Originator

Chicago Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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