Namdar Realty Group CH Capital Group And Mason Asset Management Acquire Office In Chicago For $55M
190 South Lasalle Street
$55,000,000
$68/SF
Building Size
800,000 SF
Asset Type
Office
Closing
Dec 1, 2025
AI
The asset involved in this transaction is an office property located at 190 South Lasalle Street in Chicago, IL. The property was sold for a transaction amount of $55,000,000, covering a total area of 800,000 square feet, which equates to a price per square foot of $68.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55,000,000
- Square Footage: 800,000
- Price per Square Foot: $68
- Buyer: Namdar Realty Group, CH Capital Group & Mason Asset Management
- Seller: Beacon Capital Partners
- Broker: Cody Hundertmark & Tom Sitz - Cushman & Wakefield
- Date of Transaction: 12/2/2025
- Market: Chicago, IL
Key individuals involved in this transaction include Cody Hundertmark and Tom Sitz from Cushman & Wakefield, who acted as brokers in the sale. The buyer group consists of Namdar Realty Group, CH Capital Group, and Mason Asset Management, while the seller is Beacon Capital Partners.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93