Andy Gloor Of Sterling Bay Acquires Boeing's Former HQ Office At 100 North Riverside Plaza For $30M

The property asset involved in this transaction is an office building located at 100 North Riverside Plaza in Chicago. The building encompasses a total square footage of 776,000 and is currently under contract for a price range of $25–$30 million. The asset has a market occupancy rate of 52%. This sale represents a significant decrease from the $165 million that Boeing, the seller, paid for the property in 2005.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $30,000,000
• Buyer: Andy Gloor - Sterling Bay
• Seller: Kelly Ortberg - Boeing
• Broker: Cushman & Wakefield
• Square Footage: 776,000
• Price Per Square Foot: $39
• Date: 07/21/2025
• Market: Chicago

This transaction features key individuals in the industry, including Andy Gloor, representing Sterling Bay, which is looking to re-enter the Chicago office market with this acquisition. Kelly Ortberg from Boeing is the seller of the asset, which was previously the company's headquarters. The deal underlines current market trends, as Sterling Bay seeks a discounted reentry following challenges with its Lincoln Yards project.