LaSalle Investment Management's Income & Growth Fund Series Secures $153M Loan For Chicago Office Building

The asset involved in this transaction is an office property located at 123 North Wacker in the Chicago market. The transaction involves a loan amount of $153,000,000, which is secured by a five-year, floating-rate bridge loan, covering an area of 550,000 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $153,000,000
• Loan Terms: five-year, floating-rate bridge loan
• Square Footage: 550,000
• Address: 123 North Wacker
• Market: Chicago
• Landlord: LaSalle Investment Management’s Income & Growth Fund Series
• Brokers: Keith Largay & Lucas Borges JLL Capital Markets

The key individuals involved in the transaction include Lucas Borges and Keith Largay, who represent JLL Capital Markets in this loan arrangement. They play a crucial role in facilitating the deal on behalf of the landlord, LaSalle Investment Management's Income & Growth Fund Series.