Deutsche Bank And Mesirow Provide $247M Loan For Chicago Office Building At 167 North Green Street
167 North Green Street
$247,000,000
$386/SF
Building Size
638,794 SF
Asset Type
Office
Closing
Jul 1, 2025
AI
The office building at 167 North Green Street in Chicago’s Fulton Market encompasses 638,794 square feet. The loan secured for this property amounts to $247,000,000, with financing offered by Deutsche Bank and Mesirow. The loan is structured with a five-year term and refinances prior debt as part of a single-asset CMBS deal.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $247,000,000
- Address: 167 North Green Street
- Market: Chicago
- Asset Size: 638,794 SF
- Lender: Deutsche Bank & Mesirow
- Landlord: Eric Mogentale - Walton Street Capital
- Landlord: Jeff Shapack - Shapack Partners
- Landlord: Tim Anderson - Focus Development
- Loan Terms: five-year
This transaction features prominent individuals such as Eric Mogentale representing Walton Street Capital, Jeff Shapack from Shapack Partners, and Tim Anderson of Focus Development, all participating as landlords in the deal.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93