Investment Summary

Cushman & Wakefield’s National Office Investment Advisory (OIA) Group has been retained as exclusive advisor and agent to offer for sale to qualified investors the 100% fee simple interest in 225 West Wacker Drive (the “Property” or “Offering”), a trophy, Class A, headquarters-quality office tower located immediately along the Chicago River in the heart of downtown Chicago, Illinois. Situated along the picturesque bend in the Chicago River and fronting Chicago’s wildly popular Riverwalk, the 650,812-square-foot office tower has undergone an extensive renovation and amenity buildout since 2020 that leaves the building well-positioned to capture increased leasing activity and momentum following a reset investment basis under new ownership.

 

Designed in collaboration between Kohn Pederson Fox and Perkins+Will, this modern and architecturally significant 31-story office tower features highly attractive light and panoramic views afforded by the Property’s riverfront location adjacent to the southern transition of Wacker Drive. This location places 225 West Wacker immediately at downtown Chicago’s fortress, “Main-and-Main” location and conveniently situated between Chicago’s most desirable “live-work-play” submarkets and neighborhoods – the West Loop, Fulton Market and River North. In addition, recent renovations and upgrades to the lobby experience, tenant amenities, common areas and base building systems have solidified the building’s position amongst downtown Chicago’s premier office assets. As the Chicago market continues to recover from the current market dislocation, 225 West Wacker is perfectly positioned to capture growing tenant demand, increase rental rates at the building and outperform the broader Chicago CBD market.

Investment Highlights

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Iconic, Trophy-Quality, Riverfront Office Tower with Coveted Wacker Drive Address

Transformative Building Renovation & Amenitization

Global Headquarters - Quality Office Tower

"Y" in the Chicago River: Downtown Chicago's "Main-and-Main" Fortress Location

West Loop: Chicago's Strongest & Most Resilient Submarket

Historical Riverfront Office Outperformance

Discount to Replacement Costs with Limited Pipeline Looking Forward

The Power of Resetting Basis

Property Summary

Year Built / Renovated

1989 / 2023

Stories

31

Net Rentable Area

Avg. Floor Plate Size

650,812 SF

24,800 SF - 26,000 SF

Executive Parking Garage Capacity

233 Spaces

Occupancy

86%

# if Tenants

31

Avg. Tenant Size

18,050 SF

Weighted Avg. Remaining Lease Term (WALT)

6.5 Years

Photo Gallery

Equity Capital Markets

TOM SITZ

Co-Head of Midwest Investment Sales

Executive Managing Director

+1 312 338 7866

tom.sitz@cushwake.com 

CODY HUNDERTMARK

Co-Head of Midwest Investment Sales

Executive Managing Director

+1 312 338 7865

cody.hundertmark@cushwake.com 

TOM SITZ

Co-Head of Midwest Investment Sales

Executive Managing Director

+1 312 338 7866

tom.sitz@cushwake.com 

CODY HUNDERTMARK

Co-Head of Midwest Investment Sales

Executive Managing Director

+1 312 338 7865

cody.hundertmark@cushwake.com 

Agency Leasing

MASON TAYLOR

Executive Managing Director

+1 708 846 5468

mason.taylor@cushwake.com

KAROLINE EIGEL

Executive Director

+1 312 470 2302

karoline.eigel@cushwake.com