LaSalle Investment Management's Income & Growth Fund Series Secures $153M Loan For Chicago Office Building | 123 North Wacker | Lucas Borges, Keith Largay | Office | Loan

Summary

Loan

ILLINOIS

Office

550,000 sqft

LaSalle Investment Management’s Income & Growth Fund Series has secured a five-year, floating-rate bridge loan for an office property located at 123 North Wacker in Chicago. The loan amount for the transaction is $153,000,000, and the property spans across 550,000 square feet.

Summary of transaction details

Property Type: Office
Transaction Amount: $153,000,000
Date: 02/25/2021
Address: 123 North Wacker
Market: Chicago
Broker: JLL Capital Markets

The financing was facilitated by Keith Largay and Lucas Borges from JLL Capital Markets, who represented the property in the deal. The loan obtained was a five-year, floating-rate bridge loan, providing the necessary funds for the property's acquisition.

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Players

All
3

Agents
2
Agencies
1

Lucas Borges

Director

Keith Largay

Senior Managing Director

$71.4M Sold

Details

Deal Summary

FINANCED

IMAGE: Lucas Borges & Keith Largay DATE: 02/25/2021 ADDRESS: 123 North Wacker MARKET: Chicago ASSET TYPE: Office LANDLORD: LaSalle Investment Management’s Income & Growth Fund Series BROKERS: Keith Largay & Lucas Borges JLL Capital Markets LOAN AMOUNT: $153,000,000 LOAN TERMS: five-year, floating-rate bridge loan SF: 550,000

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Address123 North Wacker

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