Oregon-based Menashe Properties has expanded its presence in the Chicago office market with the acquisition of 180 N. LaSalle, a 38-story office tower in the city’s Central Loop. The company purchased the landmark property for $56.5 million, adding an 800,000-square-foot building in the heart of Chicago’s traditional business core to its portfolio.
The latest acquisition continues Menashe’s multi-year push into the Chicago office sector. The firm first entered the market in 2023 with the purchase of 230 West Monroe, a 29-story office tower totaling 707,000 square feet. Menashe followed that move in 2025 with the acquisition of 125 S. Wacker Drive in the city’s West Loop, further diversifying its holdings across two of Chicago’s most established office districts.
Positioned in the Central Loop, 180 N. LaSalle offers direct access to Chicago’s financial district and multiple public transit options, reinforcing the property’s connectivity to the broader metropolitan workforce. The building also sits near the James R. Thompson Center redevelopment, which is expected to bring more than 2,000 Google employees to the area in the coming year, adding a significant new corporate presence to the surrounding office and retail environment.
In connection with the acquisition, Menashe Properties has engaged Stream Realty Partners to handle day-to-day business operations at 180 N. LaSalle. Stream’s Managing Director Mark Baby and Executive Vice President Wendy Katz have been tasked with managing leasing for the tower, while Director Brian Keaty will oversee property management and tenant services. The assignments position Stream as the primary on-the-ground team for tenant relations and occupancy strategy at the building.
Discussing the company’s ongoing activity in the market, Menashe CEO Jordan Menashe described Chicago as offering some of the most compelling office investment opportunities in the country. With three sizable towers now under its control, Menashe has established a meaningful foothold in both the Central Loop and West Loop, and the firm is aligning its operational platform through Stream Realty Partners to manage leasing and property performance across its expanding Chicago portfolio.
The acquisition of 180 N. LaSalle underscores continued investor engagement with large-format office assets in Chicago’s core business districts, particularly those with strong transit access and proximity to major corporate hubs such as the Thompson Center redevelopment.
