Jordan Menashe Of Menashe Properties Purchases 180 North LaSalle Street Office Tower For $60M

The property asset involved in the transaction is a 38-story office tower located at 180 North LaSalle Street in Chicago. The buyer, Menashe Properties, is acquiring the asset for approximately $60,000,000, indicating a significant discount for the seller, La Caisse, who is experiencing a nearly 70% loss on this transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $60,000,000 (Approx.)
• Buyer: Jordan Menashe - Menashe Properties
• Seller: Charles Emond - La Caisse
• Date: 05/04/2026
• Market: Chicago

This deal represents the third major acquisition of distressed assets in Chicago's Loop by Jordan Menashe since 2023. The transaction signals a strategic investment in the area, which is expected to rebound, particularly influenced by the expansion of Google's headquarters nearby.