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167 North Green Street

Deutsche Bank And Mesirow Provide $247M Loan For Chicago Office Building At 167 North Green Street
FINANCEDOffice

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

Mesirow Financial
Mesirow FinancialLender

Eric Mogentale

Walton Street Capital

Landlord

$354.2M

vol

4 deals

Landlord

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