24 East Washington_Propriété à vendre
24 East Washington_Propriété à vendre

24 East Washington

24 E Washington St, Chicago, IL, 60602-1727, US

Descriptif

Jones Lang LaSalle (Illinois), L.P. ("JLL"), as exclusive advisor is pleased to present the opportunity to acquire the 100% fee simple interest in 24 E Washington, a seven-story state-of-the-art creative office space with a total area of 632,400 RSF in one of Chicago's most architecturally significant properties, the Daniel Burnham-designed former Marshall Field's building, following an extensive $150+ million redevelopment completed in 2020.

The Property features best-in-class Chicago amenities, including modern conference facilities, a fitness center, a hotel-style tenant lounge with bar, a spacious rooftop terrace, and a free 24/7 secured bike room. It offers direct access to the Chicago Pedway, connecting to parking garages, transit, and local amenities.


Strategically positioned at the gateway to Chicago's Central Loop, 24 E Washington provides immediate access to all seven CTA train lines with direct connections to O'Hare and Midway airports, plus convenient access to Ogilvie and Union stations. Located steps from Millennium Park and the new Google campus, the Property is surrounded by retail, restaurants, and hotels.


Since its 2020 redevelopment, 24 E Washington has achieved exceptional leasing velocity, averaging 84,200 RSF annually and capturing over 204,000 RSF (32% of total) in new leases since 2024 alone. The Property features a diverse tenant base with nearly 60% of occupied space leased to corporate headquarters and institutional-quality tenants, including Olam Americas (12.6% of total RSF through March 2039). With a 6.9-year WALT, minimal three-year rollover of 4.8%, and a 21% five-year mark-to-market opportunity, the Property offers strong income stability with significant embedded upside.


24 E Washington presents a rare opportunity to acquire newly renovated creative office space at a substantial basis reset with value creation through lease-up and mark-to-market capture.

...

Attributs

Superficie du bâtiment nette
58 752 mètres carrés
Occupation
71 %
Année de construction
2020
VALSE
6.9 années

Média

Points forts de l'investissement

  1. Architecturally iconic $150M+ redevelopment
  2. Strong in-place cash flow anchored by 6.9-year WALT, with 60% of occupied space leased to corporate HQs and institutional-quality tenants
  3. Exceptional leasing velocity averaging 84,200 RSF annually
  4. Significant NOI growth through lease-up and 21% five-year cumulative mark-to-market opportunity
  5. Best-in-class amenities in Chicago
  6. Highly accessible transit-oriented central location
  7. Incredible basis reset opportunity


24 East Washington 4_Propriété à vendre
24 East Washington 4_Propriété à vendre

Contactez les courtiers

24 East Washington (0 Propriétés)

Propriétés similaires

Voir plusChevron Right
Avez-vous des questions? Visitez notre page FAQ
Voir la page FAQArrow Right

Financement JLL

Nous nous associons aux investisseurs pour structurer un financement plus intelligent et optimiser la performance de leur portefeuille. Communiquez avec notre équipe pour découvrir une meilleure façon d'y arriver.
Dernière mise à jour Sep 17, 2026