Nuveen Real Estate Provides $296M Loan For Office Building In Chicago

The office property located at 321 N. Clark in Chicago was recently involved in a closed transaction. The asset, spanning 936,240 square feet, was the subject of a five-year, floating-rate loan provided by Nuveen Real Estate. The loan amount totaled $296,000,000. The property is owned by Hines, American Realty Advisors (ARA), and Diversified Real Estate Capital LLC.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $296,000,000

The deal was facilitated by JLL, with brokers Danny Kaufman, Michael Halbach, and Keith Largay representing the parties involved. They played a key role in negotiating and finalizing the transaction, ensuring a successful outcome for all parties.