facebook
Traded Co logo
Submit a Deal

LaSalle Investment Management's Income & Growth Fund Series Secures $153M Loan For Chicago Office Building

123 North Wacker
PointingArrow
ShareContact

This Office property located in IL received a loan of $153,000,000 about 3 years ago. The brokers of the deal were Lucas Borges and Keith Largay

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.

View Related

Deals
  • Location
    123 N Wacker Dr, Chicago, IL, USA123 N Wacker Dr, Chicago, IL, USA
  • Loan Value
    $153,000,000$153,000,000
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Lucas Borges

Lucas Borges

Deals3
Financed$252.5M

Keith Largay

Keith Largay

Deals5
Financed$1.2B

Agency

JLL

JLL

Agency
Deals5590
Volume$332.6B

Social

Deal Summary

LOAN 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

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

123 North Wacker

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits