Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Waterton’s Lakeshore East Tower Lands $171M Debt
HFF has arranged $171.2 million in financing for North Harbor Tower, a 600-unit, high-rise apartment building in Chicago’s Lakeshore East neighborhood. The borrower, locally based Waterton, acquired the property from Crescent Heights last year.
An HFF debt placement team of Stephen Skok, Stella Pappas and Gregory Napper worked on behalf of Waterton to secure the seven-year, fixed-rate loan through Freddie Mac’s Green Advantage program. The loan will be serviced by HFF.
North Harbor Tower is located at 175 N. Harbor Dr., immediately adjacent to a mix of residential living, a Mariano’s Fresh Market and the six-acre Lakeshore East Park. Originally constructed in 1988, the 55-story tower includes 96 studio, 72 convertible, 234 one-bedroom, 108 two-bedroom and 90 three-bedroom units.
The Connect Apartments Conference will take place June 20, 2019 in Los Angeles. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing

Subscribe to Connect Daily Chicago
