Barings Provides $213 Million Refinance Loan For Chicago Office Tower At 360 North Green Street

The property asset involved in the transaction is an office building located at 360 North Green Street in Chicago, IL. The asset spans approximately 500,000 square feet and was built in 2024. The current leasing status indicates that the property is 76% leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $213,000,000
• Loan Type: Refinance
• Loan Terms: 3-year
• Lender: Mike Freno - Barings
• Landlord: George Gatch - J.P. Morgan Asset Management & Andy Gloor - Sterling Bay
• Landlord's Rep: JLL

The refinancing deal highlights the involvement of several key players, including the lender Barings, which provided the loan. The arrangement was facilitated by JLL Capital Markets, indicating a partnership among major financial and real estate entities to secure funding for prime office assets.