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| 230 West Monroe, Chicago, IL |
HFF worked exclusively on behalf of the borrower, a joint
venture comprised of Lincoln Property Company and an investment fund, to secure
the adjustable-rate acquisition loan through a national bank. Loan proceeds were used to acquire the
property. HFF was also involved in the
sale of the property.
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| Kevin MacKenzie |
230 West Monroe is located in Chicago’s West Loop district
at the intersection of South Franklin Street.
Currently 89 percent occupied, the 29-story office tower is leased to
tenants in the financial services, education, engineering, insurance, legal and
real estate industries.
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| Michael Kavanau |
The property
underwent lobby renovation, retail expansion and elevator modernization in
2003.
The HFF team representing the borrower was led by senior
managing directors Kevin MacKenzie and Michael Kavanau and
managing director Tim Joyce.
 |
| Tim Joyce |
Lincoln Property Company is one of the nation’s largest private
diversified real estate service firms in the United States.
It currently has more than $30 billion in
assets under management including 144,000 residential units and 130 million
square feet of commercial space.
Lincoln’s Chicago commercial region’s leasing and management portfolio
totals more than eight million square feet.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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