MichaelShvo, Deutsche Finance America Acquires Office Building In South Loop, Chicago For $240M Loan From AIG And Goldman Sachs

The office property located at 333 South Wabash Ave in the South Loop of Chicago has been involved in a closed transaction. The property encompasses approximately 1,299,990 square feet and belongs to @MichaelShvo, @SHVO, and Deutsche Finance America. The transaction took place on 08/12/2020.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Market: South Loop, Chicago
• Asset Type: Office
• Square Footage: 1,299,990

The loan for this transaction was provided by AIG and Goldman Sachs. The loan amount was $240,000,000, and the terms of the loan were set for 8 years with an interest-only payment structure. The brokers who facilitated this deal were David Sitt, Mike Tepedino, Keith Largay, and Bob Tonnessen from JLL.