Chicago & Midwest + Greater Chicagoland + Office | July 15, 2021

Lake Forest Offices Garner $33M Financing

JLL Capital Markets recently arranged $33.02 million in financing for One and Two Conway Park, two boutique Class A office buildings totaling 225,354 square feet in the North Shore community of Lake Forest, IL.

The firm’s managing director Christopher Carroll and director Lucas Borges worked on behalf of the borrower, an affiliate of Pembroke IV LLC, to secure floating-rate financing through Money360. Loan proceeds were used to refinance One Conway, which Pembroke IV purchased in 2016, and fund the acquisition and renovation of Two Conway.

One and Two Conway Park are located at 100 and 150 North Field Dr. immediately off Interstate 94 in Chicago’s North Suburban submarket. Positioned on a combined 17.91 acres within the larger Conway Park office park, the office assets have accessibility to the greater Chicagoland area via two Metra commuter rail stations nearby and Interstates 94 and 294.

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Inside The Story

JLL’s Carroll JLL’s Borges

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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