May 15, 2019
CBRE recently represented RDG Funds in the financing of 156 N. Jefferson St., a creative loft office building in the West Loop.
John Parrett, Molly Green and Harrison Addy in the Chicago office led the CBRE Capital Markets debt & structured finance team in securing an $8.3-million, long-term, fixed-rate financing with a life company lender.
“The capital markets continue to provide liquidity to high-quality real estate that is well-located with a solid cash flow and strong sponsorship,” said Parrett. “156 N. Jefferson fits all of those characteristics.”
156 N. Jefferson is a 100% leased, three-story, 32,000-square-foot creative loft office building. Tenant amenities include a newly built fitness center, equipped with men’s and women’s locker rooms, a rooftop deck and a Wi-Fi tenant lounge.
A complete redevelopment of the property was recently completed with many of the original features remaining to highlight the building’s historic architectural attributes.
For comments, questions or concerns, please contact Paul Bubny