Office · Chicago
Salesforce Tower Chicago (Wolf Point South)
—, Chicago
Verified
sourcedmodeled1 of 7 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Hines, in partnership with Joseph P. Kennedy Enterprises (Kennedy family) and the AFL-CIO Building Investment Trust.
4 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
2 debt tranches on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
2 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — The Real Deal (corroborated by CoStar and Crain's Chicago Business) · https://therealdeal.com/chicago/2025/03/14/chris-kennedy-hines-score-610m-loan-for-office-tower/ · observed 2025
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Hines, in partnership with Joseph P. Kennedy Enterprises (Kennedy family) and the AFL-CIO Building Investment Trust: Single source — hines.com · https://www.hines.com/properties/salesforce-tower-chicago-wolf-point-south-chicago
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.