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| 125 South Clark Street Office Tower, Chicago, IL (photo by Costar) |
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| 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
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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