Chicago Loop Owner Buys Mega Office Tower, Bold Bet
How Much Did Menashe Pay for 125 S. Wacker? Multiple reports put Menashe Properties’ purchase price for 125 S. Wacker Drive at $51.5 million. That equals about $94 per square foot on 547,000 square feet. The pricing underscores shifting Class A demand toward premium office space in sought-after locations even amid broader office-market uncertainty. The deal was financed with under 50% debt , according to reporting on the transaction. Price Signals CoStar’s purchase confirmation cited nearly $52 million. A source familiar with the deal reiterated $51.5 million. CEO Jordan Menashe confirmed the acquisition to CoStar News. Crain’s Chicago Business also cited $51.5 million. One report listed $50 million. That’s a modest variance from the prevailing consensus. The closing timeline was not specified in cited public accounts. Square Footage Uncertainty Published building-size estimates ranged from 547,000 to 640,000 square feet. That spread complicates per-square-foot comparisons. At larger ...
