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JLL Arranges $32M Refi for Boutique Office Building in Chicago
JLL has arranged a $32 million refinancing for 609 West Randolph, a 15-story boutique office property totaling 95,000 square feet in Chicago, Illinois.
Working on behalf of the borrower, Vista Property, JLL placed the five-year, 7.23% fixed-rate loan with JP Morgan Chase & Co. JLL’s Debt Advisory team representing the borrower was led by Managing Director Christopher Knight, Associate Matt Maksymec and Analyst Katia Novi.
Completed in 2022, 609 West Randolph features touchless technology, cutting-edge building systems and flexible floor plates ranging from 5,500 to 7,100 square feet.
609 West Randolph is 93.5% leased to a diverse mix of 10 tenants, including Fetch Rewards, Buford Capital and NTT Data. “With its thoughtful, hospitality driven-design and superb location, Vista was fortunate to have leased up 609 W Randolph’s 15 floors of new construction to an impressive and diverse roster of high-quality fullfloor users,” said Hymie Mishan, Principal, Vista Property.
