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100 Oakbrook Center Drive
FINANCED

Brookfield Properties Refinances Oakbrook Center Mall Near Chicago With $700M Loan

100 Oakbrook Center Drive

Retail
2,600,000 SF
clock iconFinanced 225 days ago
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Summary

Loan
ILLINOIS
Retail
2,600,000 sqft

Brookfield Properties is refinancing the Oakbrook Center mall near Chicago with a $700 million loan. The mall, located at 100 Oakbrook Center Drive, has a total area of 2,600,000 square feet and is situated in the Oak Brook market. Despite losing key tenants, Brookfield Properties has capitalized on the mall's recovery to secure this significant refinance loan.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $700,000,000
  • Lender: Morgan Stanley, Wells Fargo, Citi, & Goldman Sachs
  • Landlord: Brian Kingston - Brookfield Properties
  • Loan Type: Refinance

Among the lenders involved in this loan transaction are Morgan Stanley, Wells Fargo, Citi, and Goldman Sachs. These financial institutions have come together to provide the necessary funds for this refinance deal. Brian Kingston, representing Brookfield Properties, has successfully secured this loan, making it one of the largest single-asset deals in the CMBS market for 2023. Despite the challenges of losing key tenants, this refinancing opportunity showcases the mall's resilience and potential for future growth.

Players

  • All

    4

  • Lenders

    4

Wells Fargo's profile picture
Wells Fargo
Wells Fargo
Goldman Sachs's profile picture
Goldman Sachs
Goldman Sachs
Morgan Stanley 's profile picture
Morgan Stanley
Morgan Stanley
Citibank's profile picture
Citibank
Citibank

Details

Deal Summary
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FINANCED
IMAGE: Brian Kingston DATE: 09/28/2023 ADDRESS: 100 Oakbrook Center Drive MARKET: Oak Brook ASSET TYPE: Retail ~ SF: 2,600,000 LENDER: Morgan Stanley (@Morgan.Stanley), Wells Fargo (@WellsFargo), Citi (@CitiBank) & Goldman Sachs (@GoldmanSachs) LANDLORD: Brookfield Properties (@BrookfieldProperties) - Brian Kingston LOAN AMOUNT: $700,000,000 LOAN TYPE: Refinance NOTE: Brookfield Properties is refinancing the Oakbrook Center mall near Chicago with a $700 million loan, capitalizing on the mall's recovery despite losing key tenants. The deal marks one of the largest single-asset deals in the CMBS market for 2023.

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Address100 Oakbrook Center Drive

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