Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2006
Building Area Net
Occupancy 93.0 %

Property description

Jones Lang LaSalle (Illinois), L.P. (“JLL”) has been exclusively retained to arrange the sale of 550 West Adams (the “Property”), a rare combination of trophy asset quality, institutional tenancy and an exceptionally well-located site within the heart of the West Loop, Chicago’s premier submarket. Developed in 2006, the 93% leased, 18-story Class A office building contains 484,682 rentable square feet (“RSF”) and features a state-of-the-art architectural design. The Property’s tenant profile offers an investor institutional quality with 48% of the leased area occupied by headquarters tenancy. The ability to lease up the full-floor vacancy on the seventh (7th) floor adds upside to the stable cash flow that already includes contractual rental increases. 550 West Adams’ West Loop location, superb asset quality, highly efficient floor plates, and high-quality tenancy ensure that the Property will continue to provide secure, substantially increasing yields over a long-term investment horizon.

Investment highlights

  • Long-Term Institutional Tenancy With Upside
  • State-of-the-Art, Efficient & Amenitized Tower
  • Premier West Loop Location
  • Premium Investment Opportunity
Last Updated Date: 30 Sep 2021

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Last Updated Date: 30 Sep 2021

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