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| Shops at Kingsbury Square,1550 North Kingsbury Street, North-Clybourn Area, Southwestern Part of Lincoln Park Neighborhood, Chicago, IL |
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| Daniel Kaufman |
CHICAGO, IL – HFF announced it has arranged a $34 million
refinancing for Chicago’s Shops at Kingsbury Square, a Class A retail
center anchored by a national flagship Whole Foods.
Working on behalf of CRM Properties Group, Ltd., HFF placed the 15-year,
fixed-rate loan with State Farm Life Insurance Company. HFF will also service the loan.
The
Shops at Kingsbury is located on 3.15 acres at 1550 North Kingsbury Street,
three blocks west of the North and Clybourn Avenues and Halsted Street
intersection in northern Chicago.
This area is the commercial and transportation hub known as
North-Clybourn, which is in the southwestern part of the affluent Lincoln Park
neighborhood.
This Whole Foods is one
of the largest and highest producing Whole Foods stores in the United
States. The 100-percent-leased center
was completed in 2009.
The
HFF team representing the borrower was led by managing director Daniel
Kaufman and real estate analyst James Conley.
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| James Conley |
“The Kingsbury Whole Foods is obviously one of the nation’s
most significant urban retail assets and a model for Whole Foods,” Kaufman
said. “It was a pleasure to work with
the teams at CRM and State Farm to finance the property.”
CRM Properties Group, Ltd. (CRM) is a full service real
estate group headquartered in Deerfield, Illinois.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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