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333 West Wolf Point Plaza

333 West Wolf Point Plaza
FINANCEDOffice

333 West Wolf Point Plaza

333 West Wolf Point Plaza

$610,000,000

$508/SF

Building Size

1,200,000 SF

Asset Type

Office

Closing

Mar 17, 2025

AI

The asset involved in the transaction is an office property located at 333 West Wolf Point Plaza in Chicago. The lender for this deal is Wells Fargo, and the loan amount is $610,000,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $610,000,000.00
  • Address: 333 West Wolf Point Plaza
  • Market: Chicago
  • Lender: Wells Fargo
  • Landlord: Laura Pierce-Hines - Hines; Chris Kennedy

Key individuals involved in this transaction include Laura Pierce-Hines representing Hines and Chris Kennedy. They play significant roles as landlords in this property deal.

Players

Newmark
NewmarkBrokerage
Wells Fargo
Wells FargoLender

Chris Kennedy

Landlord

$610M

vol

3 deals

Landlord
Hines
HinesLandlord
Hines
HinesLandlord

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

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93