24 East Washington_出售物業
24 East Washington_出售物業

24 East Washington

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

描述

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.

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特性

建築物面積 (淨面積)
632,400 平方呎
使用/出租率
71%
落成年份
2020
沃尔特
6.9 年

媒體

投資亮點

  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_出售物業
24 East Washington 4_出售物業

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24 East Washington (0 項物業)
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最后更新 Sep 17, 2026