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| 333 North Green Street Office Tower Planned in Fulton Market District of Chicago's Central Business District |
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| Timothy Joyce |
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF)
announces $181.57 million in construction financing for the development of 333
North Green Street, a to-be-built, 548,932-square-foot, Class A office
tower in the Fulton Market District of Chicago’s central business district.
The HFF team worked on behalf of the developer, Sterling Bay and
institutional investors advised by J.P. Morgan Asset Management, to secure the
floating-rate construction loan through Wells Fargo.
333 North Green Street will be a 19-story, Class A office tower
with floor plates ranging from 13,634 square feet to 40,589 square feet,
situated above 31,521 square feet of street level retail.
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| Daniel A. Kaufman |
Additionally, the
best-in-class project will feature a 326-stall, four-floor parking garage on
floors two through five of the property and market-leading amenities, including
a 2,700-square-foot fitness center, 2,000-square-foot conference area and a
5,590-square-foot tenant lounge along with a private rooftop deck for tenant
use.
The LEED Silver
certified building is 47.2 percent leased to GroupM and will serve as their
North American headquarters as well as the regional headquarters for WPP, their
parent company.
333 North Green Street is located in the
Fulton Market District, which has become the city’s premier office submarket
and a true live/work/play environment with numerous multifamily units and hotel
keys under construction and access to many of Chicago’s popular and
award-winning restaurants along Restaurant Row.
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| Christopher Knight |
The property benefits from a Walk Score® of
97 and a Transit Score® of 89 being situated just five blocks from both the
Morgan Street and Grand Avenue “L” stations and a short distance from Ogilvie
Station that provides commuter rail access.
HFF’s debt placement team included managing directors Timothy
Joyce and Danny Kaufman and director Christopher Knight.
For more
information, please contact:
KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572
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