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110 North Wacker Drive

Glenn August And Tim Callahan Secure $700 Million Refinance Loan For Office At 110 North Wacker Drive
FINANCEDOffice

Glenn August And Tim Callahan Secure $700 Million Refinance Loan For Office At 110 North Wacker Drive

110 North Wacker Drive

$700,000,000

$459/SF

Building Size

1,522,000 SF

Asset Type

Office

Closing

Dec 1, 2025

AI

The property asset involved in this loan transaction is an office building located at 110 North Wacker Drive in Chicago, IL. The total square footage of the asset is 1,522,000. The loan amount for this refinancing transaction is set at $700,000,000.

Summary of transaction details:

Key individuals involved in the deal include Glenn August and Tim Callahan as the landlords, representing Oak Hill Advisors and Callahan Capital Partners respectively. Additionally, the landlord's representatives include Jordan Roeschlaub, Nick Scribani, Chris Lozinak, and Tim Polglase from Newmark, who facilitated this refinancing transaction.

Players

Nick Scribani

Newmark

Broker

$55.4B

vol

195 deals

Broker
Wells Fargo
Wells FargoLender

Chicago Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93