facebook
Traded Co logo
Submit
Daily limit: 0/10

Stahl Organization And Hines Purchase Boeing's Leasehold At 100 North Riverside Plaza For $22M

Property Image
SOLD
$22,000,000
Jeffrey C. Hines
Laura Hines-Pierce

Illinois

See Similar Deals
Office777,400 SF
Sold 12/18/2025
the dealplayerscompscontact
Property Image
SOLD

Stahl Organization And Hines Purchase Boeing's Leasehold At 100 North Riverside Plaza For $22M

100 North Riverside Plaza

See Similar Deals
Office777,400 SF
Sold 12/18/2025
Jeffrey C. Hines
Laura Hines-Pierce
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$28
Total Square Footage:777,400 SF
Transaction Type:Sale

The property involved in this transaction is a leasehold interest in an office asset located at 100 North Riverside Plaza, Chicago, with a total square footage of 777,400 and a sale price of $22,000,000, equating to $28 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $22,000,000
  • Address: 100 North Riverside Plaza
  • Market: Chicago
  • Buyer: Maarten Heijbroek - Stahl Organization; Jeffrey C. Hines & Laura Hines-Pierce - Hines
  • Seller: Kelly Ortberg - Boeing
  • Square Footage: 777,400
  • Price per Square Foot: $28

The deal involves key individuals such as Maarten Heijbroek representing the Stahl Organization, and Jeffrey C. Hines along with Laura Hines-Pierce representing Hines. The seller, Kelly Ortberg from Boeing, facilitated the transaction as part of Boeing’s ongoing exit from Chicago, maintaining a leaseback of 70,440 square feet through 2032.

Players

Jeffrey C. Hines
Hines
Jeffrey C. Hines
25 deals$3.8B volume
BUYER
Laura Hines-Pierce
Hines
Laura Hines-Pierce
36 deals$3.8B volume
BUYER
SO
Stahl Organization
BUYER
Hines
Hines
BUYER

Details

SOLD
IMAGE: Jeffrey C. Hines, Laura Hines-Pierce, Maarten Heijbroek & Kelly Ortberg DATE: 12/18/2025 ADDRESS: 100 North Riverside Plaza MARKET: Chicago ASSET TYPE: Office BUYER: Maarten Heijbroek - Stahl Organization; Jeffrey C. Hines & Laura Hines-Pierce (@TXHines57) - Hines (@Hines) SELLER: Kelly Ortberg - Boeing SALE PRICE: $22,000,000 SF: 777,400 ~ PPSF: $28 NOTE: Boeing sold its leasehold interest in 100 N. Riverside Plaza, a 36-story Chicago River tower, to a joint venture of Stahl Organization and Hines for $22M, while leasing back 70,440 SF through 2032.The sale reflects Boeing’s continued exit from Chicago and the complex leasehold structure, with Stahl already owning the underlying land via a 99-year ground lease.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69