FTK Capital Acquires 111 W Jackson, Taps Stream Realty Partners to Lease and Manage Chicago Central Loop Office Tower

FTK Capital has acquired 111 W Jackson Boulevard, a 25-story, 567,531-square-foot office tower in Chicago's Central Loop, and has selected Stream Realty Partners to lead leasing and property management for the asset, the firms announced April 7, 2026.

The acquisition marks the beginning of a repositioning program for the building, with new ownership planning capital improvements in collaboration with OTJ Architects. Planned upgrades include updates to the lobby and common areas, expanded amenities, and the delivery of approximately 50,000 square feet of pre-built spec suites designed to meet demand for move-in-ready office space. An initial 25,000 square feet of those suites is expected to be completed by late 2026.

Property Overview and Location

Located at the southwest corner of South Clark Street and West Jackson Boulevard, 111 W Jackson sits within Chicago's Central Loop, steps from multiple Divvy bike-share stations, bus and 'L' stops, and Union Station. The building's transit access and proximity to restaurants, shopping, and entertainment destinations positions it to attract a broad range of office tenants, according to the announcement.

The property has historically maintained strong occupancy, a factor that Stream Realty Partners cited as a foundation for its leasing strategy going forward.

Stream Realty Partners' Role

Stream Realty Partners will lead an integrated team covering both leasing and day-to-day property operations. Leasing efforts are led by Matt Lerner, Executive Vice President at Stream, and Erica Marshall, Vice President at Stream. Property management is overseen by Senior Property Manager Charlie Andersen and Assistant Property Manager Jen Bilinski.

"New ownership is bringing a clear vision and meaningful investment to 111 W Jackson," said Matt Lerner. "We're excited to partner with FTK Capital to reposition the property and engage with tenants seeking well-located, thoughtfully updated office space in the Central Loop."

Victoria Knudson, Leader of Property Management and Partner at Stream, noted the assignment reflects the firm's broader Chicago expansion. "We're excited to continue expanding our property management platform in Chicago and to partner with FTK Capital on 111 W Jackson," Knudson said. "This assignment reflects the strength of our integrated platform and our ability to deliver a seamless experience across leasing and property operations."

Erica Marshall pointed to the building's track record as a leasing advantage. "111 W Jackson has proven its appeal with strong historical occupancy, and we're focused on building on that foundation through a thoughtful leasing strategy," she said. "With targeted capital improvements and a competitive structure, the property is well-positioned to capture leasing activity as it comes back to market."

Repositioning Strategy and Spec Suite Delivery

Ownership plans to deliver approximately 50,000 square feet of move-in-ready spec suites. The first phase — approximately 25,000 square feet — is targeted for completion by late 2026. OTJ Architects is collaborating on the design of lobby and common area improvements alongside the suite program.

About Stream Realty Partners

Stream Realty Partners is a national commercial real estate firm headquartered in Dallas, offering an integrated platform that includes leasing, investment, development, property management, capital markets, construction, and research. The firm employs more than 1,550 professionals and reports annual transaction volume exceeding $11.5 billion across office, industrial, retail, healthcare, land, and data center properties. Stream has operated since 1996 and maintains offices in core markets across the country.

For leasing inquiries at 111 W Jackson, Stream's Chicago office can be reached at 312.900.0338.