AON Center Chicago, Illinois appraised at 27% of its purchase price 11 years ago
Purchased for $712 million in 2015
Now appraised at $195 million
JLL is negotiating a possible relocation from its current 202K SF at AON. Should they vacate it would drop the occupancy rate into the mid-50%s.
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON
This is a U.S. stand-alone CMBS transaction backed by a portion ($400.0M as of the Feb. 6, 2026, trustee remittance report) of a 4.63% per annum fixed-rate interest-only $536.0M whole mortgage loan secured by the borrower's fee-simple interest in Aon Center.
2.78M Square Feet Built 1973
-morningstar / S&P Global
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commercialrealestate#