Saturday, April 30, 2016

HFF secures $99.5 million financing for 125 South Clark Street in Chicago,IL

125 South Clark Street Office Tower, Chicago, IL                    (photo by Costar)

Christopher Carroll
                                                                                        CHICAGO, IL – April 19, 2016 - Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $99.5 million in financing for 125 S. Clark Street, a 573,276-square-foot office building in Chicago, Illinois.

Working on behalf of the borrower, Blue Star Properties and the Wolcott Group LLC, HFF arranged floating-rate financing with Brookfield Real Estate Financial Partners and Bank of the Ozarks.  Loan proceeds were used to payoff existing financing, complete building renovations and fund leasing capital for the project.

Originally built in 1907 by Daniel Burnham as the Commercial National Bank Building of Chicago, 125 S. Clark is currently undergoing a renovation and rebranding to The National. 

The 20-story, steel and concrete building will feature lofted office space; an outdoor terrace; a one-of-a-kind, main level artisanal marketplace and lounge; record shop and fitness center.  The office space will offer tenants 12-14’ ceilings, fully operable single-hung windows and expansive floor plates. 

The National is situated in the heart of Chicago’s central business district with connectivity to numerous modes of public transport including CTA/EL Trains, Metra train lines and public bus routes. 

The HFF debt placement team representing the borrower was led by managing director Christopher Carroll and included senior managing director Michael Kavanau and associate director Christopher Knight.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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