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Chicago & Midwest  + North Side  + Industrial  |  May 7, 2018
Paul Bubny
By: Paul Bubny

Cohen Refinances Creative Workspace in Former Industrial Site

Cohen Financial has secured $5.82 million to refinance Workshop 4200 at 4200 W. Diversey, a 153,000-square-foot industrial property that began life as a Hammond Organ factory and has been renovated into a collaborative workspace for creative and artisan tenants. The firm’s Dan Rosenberg and Matt Terpstra secured a fixed-rate loan with Morgan Stanley.

The borrower, a longtime Cohen Financial client, bought the property several years ago and recently renovated it for creative tenants. Many of the tenants have relocated to Workshop 4200 from other properties in the city.

“Workshop 4200 boasts an incredible location at the thriving intersection of the Hermosa, Logan Square and Avondale neighborhoods,” said Rosenberg. “The property is adjacent to the former Marshall Field & Company warehouse complex that underwent a massive conversion into a popular mixed-use development.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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