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CBRE Secures Long-Term Funding for West Loop Offices
CBRE recently represented RDG Funds in the financing of 156 N. Jefferson St., a creative loft office building in the West Loop.
John Parrett, Molly Green and Harrison Addy in the Chicago office led the CBRE Capital Markets debt & structured finance team in securing an $8.3-million, long-term, fixed-rate financing with a life company lender.
“The capital markets continue to provide liquidity to high-quality real estate that is well-located with a solid cash flow and strong sponsorship,” said Parrett. “156 N. Jefferson fits all of those characteristics.”
156 N. Jefferson is a 100% leased, three-story, 32,000-square-foot creative loft office building. Tenant amenities include a newly built fitness center, equipped with men’s and women’s locker rooms, a rooftop deck and a Wi-Fi tenant lounge.
A complete redevelopment of the property was recently completed with many of the original features remaining to highlight the building’s historic architectural attributes.
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- ◦Financing
