175 West Jackson

Jones Lang LaSalle (Illinois), L.P. (“JLL”) has been exclusively retained to arrange the sale of 175 West Jackson (the “Property” or the “Offering”), a compelling value-add office opportunity located in Chicago. The 22-story property was designed by renowned architect Daniel Burnham and was constructed in two phases between 1912 and 1927. At 59% occupancy and 6.2 years of weight average lease term, 175 West Jackson provides durable in-place cash flow while providing an investor the opportunity to substantially increase NOI through the lease up of 630,000 square feet. Such leasing can capitalize off the successful spec-suite program, which fare especially well in today’s market. Further, the property had over $24 million invested to modernize the building and implement a robust amenity package. The large floor plates, contiguous blocks of available space, and opportunity for signage rights position 175 West Jackson as an ideal home for a tenant looking to have a sizeable presence.

This transaction is being offered with negotiable financing terms that outperform market. All inquiries regarding this asset should be directed to JLL.