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Roberto Leopardi Of Bolton Group Acquires Office Building From Randy Rissman For $18M In Chicago

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SOLD
$18,000,000

Illinois

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Office214,768 SF
Sold
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SOLD

Roberto Leopardi Of Bolton Group Acquires Office Building From Randy Rissman For $18M In Chicago

600 West Fulton Street

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Office214,768 SF
Sold
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$83
Total Square Footage:214768 SF
Transaction Type:Sale

The property asset involved in this transaction is a 214,768-square-foot office building located at 600 West Fulton Street in Chicago. The sale is taking place at a transaction amount of $18,000,000, translating to a price per square foot of $84. The property is situated in the Chicago market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $18,000,000
  • Buyer: Roberto Leopardi - Bolton Group
  • Seller: Randy Rissman
  • Square Footage: 214,768
  • Price per Square Foot: $84

A venture of Bolton Group, represented by Roberto Leopardi, is finalizing the purchase, which follows a previous acquisition activity where a venture led by Randy Rissman paid $31.7 million in 2006. The buyer plans to occupy part of the property as the transaction proceeds, coinciding with a $27 million loan from Lincoln National Life Insurance maturing in November.

Players

Roberto Leopardi
1 deal$18M volume
BUYER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Roberto Leopardi DATE: 03/10/2026 ADDRESS: 600 West Fulton Street MARKET: Chicago ASSET TYPE: Office BUYER: Roberto Leopardi - Bolton Group SELLER: Randy Rissman PRICE: $18,000,000 SF: 214,768 ~ PPSF: $84 NOTE: A venture of Bolton Group is finalizing the purchase of the 214,768-square-foot office building at 600 W. Fulton St. in Chicago’s West Loop for about $18 million, well below the $31.7 million paid by a venture led by Randy Rissman in 2006. The sale comes ahead of a $27 million loan from Lincoln National Life Insurance maturing in November, as the buyer plans to occupy part of the property.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$960,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20