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JLL Arranges Financing on Fulton Market Boutique Offices
JLL Capital Markets arranged $30.684 million in financing for 601-609 W Randolph. The project comprises a five-story historic office building and the development of a 15-story boutique office building to be built in the Fulton Market District.
JLL worked on behalf of the borrower, Vista Property Group, to secure the financing through Bank OZK. Loan proceeds will finance the upgrades at 601 W Randolph and fund construction of 609 W Randolph.
The JLL Capital Markets team representing the borrower was led by senior director Christopher Knight. Once complete, 601 and 609 West Randolph will contain more than 110,000 rentable square feet.
“The West Loop is Chicago’s dominant office submarket, but existing product is predominantly large towers.” said Knight. “A modern boutique building in this location, combined with the immediate access to all of Fulton Market’s amenities and charm, will be uniquely appealing to tenants, particularly in a post-pandemic market.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development
