John Atwater Of Prime Finance Acquires Office Tower At 225 W. Wacker Drive For $120M

The office asset located at 225 West Wacker Drive in Chicago, IL, has a sale price of $120,000,000. The property encompasses a total of 650,812 square feet, translating to a price per square foot of $184. This building serves as the global headquarters for Cushman & Wakefield.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $120,000,000
• Buyer: John Atwater - Prime Finance
• Seller: John Grassi - Spear Street Capital
• Broker Representatives: Tom Sitz, Cody Hundertmark, Jeremiah Olsen & Kelsey Berry - Cushman & Wakefield
• Market: Chicago, IL
• Date of Transaction: 05/30/2026
• Square Footage: 650,812
• Price per Square Foot: $184

This transaction involves significant players in the real estate market, with John Atwater representing Prime Finance in the acquisition and John Grassi representing Spear Street Capital as the seller. The brokerage firm Cushman & Wakefield, represented by Tom Sitz, Cody Hundertmark, Jeremiah Olsen, and Kelsey Berry, played a vital role in facilitating this transaction.