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.
- Long-Term Institutional Tenancy With Upside
- State-of-the-Art, Efficient & Amenitized Tower
- Premier West Loop Location
- Premium Investment Opportunity