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

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.