facebook
Traded Co logo
Submit

Fitch Ratings Provides $475M Loan For Retail Property At Oakbrook Center, Oak Brook

Property Image
FINANCED
$475,000,000

Illinois

See Similar Deals
Retail2,200,000 SF
Financed 11/02/2020
the dealdetailscomps
Property Image
FINANCED

Fitch Ratings Provides $475M Loan For Retail Property At Oakbrook Center, Oak Brook

100 Oakbrook Center, Oak Brook, IL 60523, Estados Unidos

See Similar Deals
Retail2,200,000 SF
Financed 11/02/2020

Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$215
Total Square Footage:2,200,000 SF
Transaction Type:Loan

Brookfield Property Partners and California Public Employees’ Retirement System have secured a $475,000,000 two-year, floating-rate loan for the retail property located at 100 Oakbrook Center in Oak Brook. The loan was provided by Fitch Ratings. Spanning over 2,200,000 square feet, the property is an expansive retail asset.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $475,000,000
  • Address: 100 Oakbrook Center
  • Market: Oak Brook
  • Lender: Fitch Ratings
  • Landlord: Brookfield Property Partners & California Public Employees’ Retirement System
  • Loan Terms: two-year, floating-rate
  • SF: 2,200,000

This transaction involves Brookfield Property Partners and California Public Employees’ Retirement System, who acted as the landlords in the deal. The loan was provided by Fitch Ratings. The property, which spans over 2,200,000 square feet, is located at 100 Oakbrook Center in Oak Brook.

Details

FINANCED
IMAGE: 11/02/2020⁠ ADDRESS: 100 Oakbrook Center⁠ MARKET: Oak Brook⁠ ASSET TYPE: Retail⁠ LENDER: Fitch Ratings⁠ LANDLORD: Brookfield Property Partners & California Public Employees’ Retirement System⁠ LOAN AMOUNT: $475,000,000⁠ LOAN TERMS: two-year, floating-rate⁠ SF: 2,200,000⁠

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$475,000,000.00

Monthly NOI$3,166,666.67
Monthly Debt Service$3,002,323.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00